Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 174.60

-6.7%

10:55 AM EST

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To: Z Analyzer who wrote (5011)	11/23/1998 11:55:00 AM
From: TEMFASSBAL	of 9256

Z, You Write <<However, I believe that the optimistic scenario is that if HTCH is hitting these kinds of numbers and dominating wireless production, selling TSA flexures to their competitors and sampling proprietary microactuation, that a 12 p/e may be way low.>> You're not the first person I've heard argue the merits of a P.E. expansion and I do believe it's possible. On the other hand I never count on those (expansions) when trying to figure price appreciation potential. As I believe there's a decent chance we'll get 50-100% from here over the next 3-6 months any P.E. expansion will be gravy. <<Add in the growth in PC sales apparently resulting from a greater price elasticity than previously assumed, an Asia economic recovery and the beginning of a very exciting trend in home video storage and there exists a possibility that HTCH could become a "hot " stock.>> I agree with all you've said here and will add the Y2K "problem" as another reason PC sales will grow at a larger than expected clip in '99. IMO you're going to see a growth in corporate systems rollover at a rate higher than expected (BTW I like CPQ here also for some of the same reasons). This could lead to poor comps in the 2000 vs 1999 year (for the PC industry) but those are worries for another day...I believe we have a couple of Q's of pretty nice #'s ahead. Tim

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