QUANTUM Message Board - Msg: 7608905

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Technology Stocks : QUANTUM

QNTM 9.700

-15.0%

Nov 28 9:30 AM EST

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To: Flan who wrote (8399)	2/2/1999 4:04:00 AM
From: HerbertOtto	Read Replies (2) of 9124

WDC will recover. Sorry about my gloomy comments earlier. Those comments were too pessimistic. There was an improvement just last Friday. MarketGuide updated the Financial Statement on WDC. The revised Book Value is $1.43. That means that if WDC hits estimates for the March quarter at (.68) and the June quarter at (.31), WDC will still have a positive Book Value. Then projections are for return to profitability. Looks like WDC will skim low but survive. Note that current cash is reported at $404 Mil. With sales/share of over $32, a return to reasonable margins could propel WDC stock back to the old highs a year from now. There is a lot of work to do before then. The next important item will be the success of the coming Secondary Offering. But the survival of WDC looks certain for the next few quarters, giving it a chance for a recovery. The 200 dma held at 13 the other day. Now getting a bounce - may carry to 16 or 17. Then retest at least 14... maybe 13 again - over next couple of weeks. Since the Dec. Qtr was above ests, I think WDC may hit 19+ before next earnings are reported. Just keep an eye out for that Secondary Offering. It should go ok. Good luck, WDC longs!

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