Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 163.38

+3.6%

12:59 PM EST

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To: La Traguhs who wrote (5926)	3/29/1999 3:48:00 PM
From: Z Analyzer	Read Replies (2) of 9256

I believe the cause of Fridays six million share bloodbath in HTCH was--------Can you believe it?----The underwriter that caused the first bloodbath the Friday before and who was conspicously absent from the secondary underwriting. GD MONTGOMERY AGAIN!!! Issued a report lowering stock target to $33 (from $60 only 8 days before), modestly lowered earnings est to $2.25 for 1999 fiscal from $2.65, and maintained Buy rating. Said they expected down sequential EPS in June, $.50, due to inventory going into quarter. Goldman remained as upbeat as possible and retained June $.61 estimate. I suspect Friday was one of the best HTCH buying opportunities we'll see in a long time. -Z

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