SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Western Digital (WDC)
WDC 176.31+1.2%11:13 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tom pope who wrote (10087)1/19/1999 6:24:00 PM
From: Stitch  Read Replies (3) of 11057
 
tom,

<<Well, they did beat estimates, and I don't see any buried lumps of coal in the release - though I don't know whether the revenue figures are are at estimates or not.

Perhaps Stitch can comment?

I think I can speak objectively since I am short WDC, but it seems to me that the results are certainly no worse than neutral for the stock price - unless the street was expecting a lot better.
>>

My guess is that while WDC beat the mean the recent run up was in anticipation of a surprise to the upside considerably greater then the results. Key now is the CC and forward looking statements. Unfortunately the release lacks much in the way of bullish statements about the future though I note that Haggerty is more prone not to beat the drum in that fashion. Nevertheless I think your (our) short positions are in good shape now. Took mine at the open today.

For a quick view here is a Qtr to Qtr comparison to SEG further to my previous comments. My apologies for not doing the following in a nice table but I have not figured out how to do that in a post here.

WDC/SEG

Unit shipments - +17%/+16%
Revenue - +11%/+16%
P/L - +57%/+350%
Cash - -12%/+19%
Inventory as % of Revenue -24%/-23%

FWIW

Best,
Stitch
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News