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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Yogi - Paul who wrote (8213)	4/5/2000 9:03:00 AM
From: Return to Sender	Respond to of 9256

WDC is up 15/16's on Instinet in Pre-market trading as they preannounce a smaller than expected loss: cbs.marketwatch.com The stock (WDC: news, msgs) jumped 15/16, or 15 percent, to 7 3/8 in Instinet trading. The storage drive maker said that its operating results for the quarter ended Mar. 31 would show a loss of $27 million to $34 million, or 20 to 25 cents on a per share basis. A First Call survey of analysts was estimating a loss of 42 cents a share. The company attributes its strong performance on improved efficiencies from restructuring efforts and reasonable industry demand and pricing. RTS