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

To: Sarmad Y. Hermiz who wrote (10874)	12/17/2003 12:16:30 AM
From: Sam Citron	Respond to of 11057

I have the feeling that we saw the last of the dumps today. You could be right. When looked at from a 2 year perspective bigcharts.marketwatch.com, this latest retrenchment from 15 to 10 has taken us from the top to the bottom of the channel in the context of an eighteen month bull move that began at $3 in July, 2002. It would not surprise me to see WDC make the move back up to reach 18 in the next 2 months. I have a small short position against the box that I plan to cover soon.

To: Sarmad Y. Hermiz who wrote (10874)	12/17/2003 10:17:05 AM
From: Sam Citron	Respond to of 11057

8:26AM CSFB trimming estimates on Hard Disk Drive suppliers : CSFB is trimming revenue and earnings estimates for the big 3 HDD suppliers (STX, MXO, WDC). Most of the estimate reductions occur in the March 2004 qtr although firm has reduced Dec 2003 estimates for STX and MXO. Firm also has reduced price targets for all three stocks. This action follows discussions with a number of HDD industry sources. Desktop pricing appears to have worsened in Dec and inventories remain on the high end of normal ranges with little time remaining in the quarter. Firm's sense is there needs to be a spectacular finish to the quarter in order for all HDD suppliers to make their Dec quarter estimates and still guide the March quarter in line. 9:01AM Hard Disk Drive estimate cuts by CSFB : Follow-up to 08:26 comment... CSFB cutting MXO Q4 est to to $0.22 from $0.24, FY04 EPS est to $0.72 from $0.75 and FY05 est to $0.80 from $0.85... For STX, Q4 est goes to $0.41 from $0.45, FY04 to $1.46 from $1.60 and FY05 to $1.66 from $1.79... For WDC, firm cuts FY04 est to $0.97 from $1.00 and FY05 to $0.99 from $1.09. www.briefing.com