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Technology Stocks : Western Digital (WDC)

WDC 252.66

+4.9%

Jan 27 3:59 PM EST

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To: fiberman who wrote (8680)	2/5/1998 5:02:00 AM
From: Matt Webster	Read Replies (2) of 11057

Prices Still Down... The proper way to think about disk drive stocks are as commodities. Prices are a proxy for earnings. This is how the Street handles Micron Technology, and that's how it's going to be in disk drives. There is no way costs are declining at the rate prices are falling. Watch disk drive prices and as soon as you see them turn up or stabilize, then that's the time to buy. Otherwise, it's just hoping. I am out of WDC and QNTM. If you must buy a disk drive, buy IOM or EMC. Matt

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