Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (6468)	7/24/2003 8:39:38 PM
From: Sarmad Y. Hermiz	Respond to of 13403

OT >> Because Sarmad has been spot on. Well, gee, I better watch what I say from now on! WDC's Q earnings came in at 23c. Forward guidance for Sept Q is 22c to 24c with gross margin at 16%. Trailing P/E is approx 12 at the current $11.70 price per share. So far so good. But the buying of wafer fab in Fremont and Assembly plant in Thailand will have to be factored in. I don't know how they'll treat expenses for the acquired assets. Probably for the current Q there will be a reduction in profit because there might be a period of non-productivity while they re-start all the equipment and become familiar with their new assets. The current management has successfully done a similar integration when they bought the assets of Fugitsu in Thailand two years ago. I have confidence, though I have to admit that some uncertainty has crept in and the business model is more complicated now. Of course the opportunity is larger too. Good luck with the new buy. Sarmad

To: BWAC who wrote (6468)	7/25/2003 8:25:19 AM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 13403

OT >>> wdc finance.yahoo.com 7:36AM Western Digital cut to Hold at Hoefer & Arnett (WDC) 11.70: The downgrade from Buy is based on the uncertainty of the effects of Read-Rite on WDC's financial performance. Firm also notes that WDC shares have advanced 300% since its Buy recommendation was issued last July. Believes that these gains, coupled with concerns about the Read-Rite acquisition and the 80 GB/platter product ramp at Western Digital, could cause some investors to become more cautious.