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

To: Sam Citron who wrote (10862)	11/24/2003 7:25:16 PM
From: Sarmad Y. Hermiz	Respond to of 11057

Sam, judge for yourself the extent of this so-called analyst's genius, or lack thereof. And also the extent of gullibility of anyone who believes his clap-trap. Did this guy ask himself how WD has been increasing their units sold and revenue each quarter if they're having so much trouble ? Did he check the stocking level of WD drives at distributors ? Did he ask how WD has increased units from 8.6 m to 11.3 m Y/Y with all these impossible difficulties ? And most important, who, other than self dealing fund managers would take advice from an ignoramus like that ? The satisfaction is knowing that his customers were selling WDC down to $8.40/sh back in July, and I was buying. finance.messages.yahoo.com Ashok Kumar, CFA, Enterprise Computing and Storage Semiconductors WDC (#>) $11.80 - MP - Mkt Cap (mil) = $2,547.6 KEY POINTS: We believe there are nagging questions about Westen Digital's short-term and long-term prospects: How is the new heads business really doing? Can they keep up with the technology while spending much less than their competitors? What is the mystery crisis that had their engineers working huge amounts of mandatory unpaid overtime all summer long? On the Read-Rite acquisition, the party line that all is well checks out, at least for the short term We believe Western Digital gains when technology leaders stumble, and they stumble regularly enough that them company has been quite successful. However, the company will find itself far behind when new technologies take hold in a year or two. We believe that Western Digital encountered significant production problems with the 80GB/p transition. Their engineers have had to work extraordinary unpaid work hours and some have left the company over this issue. While the apex of the problem may be past, we believe that the company has a fiduciary responsibility to explain the situation to its shareholders.