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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 163.61

+2.2%

Nov 6 3:59 PM EST

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To: Sam who wrote (6134)	4/25/1999 10:00:00 AM
From: Frodo Baxter	Read Replies (2) of 9256

LK Rule #1: The only cheap tech is dead tech. (perhaps I need to amend this with: ...and drive stocks) Here's a quick and dirty comparison of WDC and MXTR WDC vs MXTR Income: rev: 668 vs 681 rev trend: down vs up units: 5.1 vs 5.5 gm: 6% vs 12.7% OpEx: 97 vs 68 Balance sheet: Cash: 297 vs 280 Inv: 163 vs 127 (FG: 93 vs 83) AR-AP: -38 vs -104 PPE: 312 vs 113 D&A: 34 vs 18 CapEx: 28 vs 23 Debt: 538 vs 90 Net cash: -241 vs 190 Book value: -50 vs 295 Other: -20 KMAG writedown vs +20 equity investment Metrics: Cash flow: negative 4Q vs positive 6Q next Q earnings: -.35 vs .02 Mk cap: 685 vs 584 P/B: Not meaningful vs 1.98 Enterprise value: 926 vs 394 !!! AMAZING, HUH??? If the stock prices stay where they are and Chuck Haggerty actually had a clue, WDC should offer a 1 for 1 stock merger with MXTR. Then he can gracefully resign and let Mike Cannon take care of business. Hey drive CEO idiots, news flash! You cure oversupply by consolidation; that's merger or bankruptcy, your choice. (I think I win the prize for most colons in a post)

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