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

To: Sarmad Y. Hermiz who wrote (10869)	12/4/2003 10:48:24 AM
From: Sam Citron	Respond to of 11057

9:18AM Western Digital provides preview of CSFB presentation (WDC) 11.39: Co states in an 8-K filing that, in a meetings with analysts on Dec 4 and 5 at the CSFB 2003 Annual Technology Conference, it plans to provide an update on certain current conditions in the hard drive industry. This update will be consistent with the presentation which will be given at the conference on Dec 5. "Specifically, the company will indicate that for both the industry and for the company, overall demand across all geographies and channels is at a level expected in a seasonally strong December quarter. In addition, OEM demand has met expectations and distribution sell-through has improved from slower rates in October. Pricing has been consistent with a balanced supply and demand condition and the industry has not experienced allocation at this point in the quarter. The company will also indicate that December sell-through levels, demand and pricing will determine the outcome of the quarter, and typical seasonal improvement in sell-through is anticipated." www.briefing.com

To: Sarmad Y. Hermiz who wrote (10869)	12/4/2003 12:17:00 PM
From: tech101	Read Replies (1) \| Respond to of 11057

My Hats Off to Mr. Tufano of Maxtor, Too for trying to stop the two decades of losing track in the hard disk industry/business!! ********************************* The Price Hike!!! by: seniorniceg13690 (61/M/Deep South) 12/04/03 12:05 am Msg: 99214 of 99242 My hats off to Mr Tufano for attempting to raise prices, sending the correct signal at a time of increasing demand for drives and a pickup in PC sales. The MXO price increase was joined by a couple of smaller players in the sector. Immediately, STX answered by not even holding their prices firm, but lowering prices on certain products. WDC promptly joined STX in lowering prices. Thus the DD sector which cannot seem to tolerate being prosperous for any length of time, is on the verge of another price war. I do not profess to be even close to being as intelligent as the top management of STX. But I am intelligent enough to know there will be no winners in a price war. Just losers. senior ... Re: The Price Hike!!! by: seniorniceg13690 (61/M/Deep South) 12/04/03 12:42 am Msg: 99216 of 99241 That's true about Dell as it is about Walmart. But I have never seen a winner in the disk drive sector engaging in price wars. That's one of the reasons the street has never had much respect for this sector. The street reacted today sharply down on MXO, WDC, and STX. This reaction was not just because one analyst lowered its price target on MXO to $14, but because of a lowering of prices on products. If it continues there will be further price declines on all disk drive stocks.