Western Digital (WDC) Message Board

STOCKTALK

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 166.10

-2.3%

Nov 12 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tom pope who wrote (10087)	1/19/1999 9:29:00 PM
From: Frodo Baxter	Read Replies (3) of 11057

>buried lumps of coal Well. Let's see. Book value is 47 million, or about $.50 per share... Write-offs of fixed assets and employee severance and relocation costs relating to these changes will result in a charge of approximately $45 million to Western Digital's results for the third fiscal quarter ending March 27, 1999. Uh, never mind. Retained earnings is -79 million. Think about this for a second. In the entire history of the company, it's a loser. And I'm not just talking about earnings. >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. As I'm also short, and also objective (hehe), I say the stock loses 3 points at least tomorrow.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next