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Technology Stocks : Western Digital (WDC)
WDC 163.33+3.5%Nov 28 9:30 AM EST
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To: steve goldman who wrote (9288)5/4/1998 10:53:00 AM
From: shane forbes  Read Replies (1) of 11057
 
Steve:

Thanks. A lot of people who thought and were afraid
of WDC's long term viability will today be feeling a lot
more comfortable.

More importantly the shorts will be apt to get a bit scared
as well.

And both are good things.

As an ancillary benefit it puts the squeeze on those
smaller companies who might realize that they better get
a move on to GMR etc or the swan song begins. HOWEVER to get
to GMR those companies need money and they are not likely
to be in a great position financially these days... In a downturn
pick the biggest - usually they have the best hope of
survival in a retracted slowdown or even a short slowdown
that is bloody...

Later,

Shane.
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