Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 264.28

-7.6%

2:38 PM EST

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To: Mark Oliver who wrote (4473)	9/18/1998 4:30:00 PM
From: Mark Oliver	Read Replies (1) of 9256

<Options Expiration. Prices settling on their correct round numbers to please those all powerful options people. Guess we know what to expect today. QNTM 15 SEG 22 1/2 WDC 10 HTCH 15 RDRT 7 1/2 Time to go for an early weekend.> Actual close. I wasn't far off. QNTM 14 15/16 SEG 22 9/16 WDC 10 1/2 HTCH 15 1/8 RDRT 8 1/8 Qunatum, Segate and Hutchinson performed to perfection negating this months puts and calls with no return. A lot of SEG options sellers got very wealthy this month. cboe.pcquote.com Quantum options sellers didn't get as wild as SEG, but they still made enough to send all our kids to college. cboe.pcquote.com Standouts are RDRT and WDC. RDRT got some strong buying in the end to break out of options range. Call open interest was only 530, so not too much to defend. Still, 1 1/8 gain on a day like this was pretty good. Any news? WDC on the other hand had a lot of options activity today (1797 Sept 10 call contracts) and fairly large open interest to beat at 10. Is there chance of news, or just that old irrationally exuberant WDC crowd playing around again?. cboe.pcquote.com Maybe WDC buys RDRT, or viceversa. Hmmm, that would be fun. :) But, probably helped by upgrade instead. BT Alex Brown pulls Western Digital shares up Western Digital Corp. shares climbed nearly 3 percent after bullish comments at BT Alex Brown bumped the company up 1/4 to 10 1/8. Analysts Michael Carboy, Philip Rueppel, and Eran Raber initiated coverage of the company (WDC) with a "market perform" but pointed out that recovering desktop business and an attractive IBM technology agreement could revitalize performance. The PC hard drive maker's new product cycle at record yields should offer significant original equipment manufacturing (OEM) promise, added analysts. The analysts said that they estimate fiscal year 1999 to be a loss of "$2.49 a share on sales of $3.18 billion with break-even to modest profitability in fiscal fourth-quarter 1999." Regards, Mark

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