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


To: michael97123 who wrote (10826)10/22/2003 11:18:45 AM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 11057
 
Mike, mxo and stx reported record rev, units, margins etc.... yesterday. But, Seagate also said the SEC had sent it inquiries about analyst reports regarding Seagate from year 2000 to last month.

I guess seagate holders fear an investigation and are massively exiting. And my favorite stock is getting killed in sympathy.

There is a Jewish saying that you may have heard. "Goyem kill goyem, and the jew gets the blame". I think this is happening to wdc today.

Personally, I bought 7k shares of wdc today for approx $12.25/sh. Hopefully it was not a mistake.

Sarmad

p.s. Hopefully no one is offended at the saying.



To: michael97123 who wrote (10826)10/22/2003 11:27:45 AM
From: Sam Citron  Read Replies (1) | Respond to of 11057
 
10:10 ET STX plunges following earnings report 22.70 -6.85: Stock under pressure after reporting upside Q1 results. However, CSFB says that some warts appeared during the qtr, including pricing pressure, demand pull forward, enterprise share loss, an amended lock-up, and a SEC information request. According to firm, company announced an amended lock-up agreement allowing insiders to unload 20.3 mln shares now, ahead of the original date in early 2004. Firm also finds the SEC information request somewhat troubling.

www.briefing.com