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Technology Stocks : Western Digital (WDC) -- Ignore unavailable to you. Want to Upgrade?

To: Sawtooth who wrote (10493)	10/21/1999 11:18:00 AM
From: Jeff Mills	Read Replies (2) \| Respond to of 11057

I think it's positive that WDC is holding $3 1/4 in the wake of it's earnings report. As a matter of fact, I have initiated a large position in the hopes that WDC has indeed hit bottom. Haggerty's tone in the press release was a little more positive that I have seen in recent qtr's as he mentioned large OEMs are evaluating current drives. dditionally, it appears most of the recall issues are close to being resolved. I would expect to see an uptick in revenue next quarter, which is typically the strongest of the year. Not a beautiful picture, but that is why the stock is under $4. A move to $5-$6 would not be surprising over the next few weeks.