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

To: davidtrx who wrote (10946)	7/31/2004 7:05:31 AM
From: rlev	Read Replies (1) \| Respond to of 11057

because things change ... this is a growing industry (once again). wd can be a cost leader, as they are proving today, in the black while most others are in the red. They currently made .14 in a "very difficult environment". The pricing pressure may be a one shot deal (a competitor moving product reduce inventory) or longer term (which I discount if the competitor is losing money). Even so this stock, with the above earnings, would be about $10-$14 if valued as it had been in the past. It as well as most of the tech market are below value IMO.