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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (42829)	11/29/2005 3:42:37 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70113

18:13 WDC Western Digital sees Q2 EPS of $0.36-$0.39 ex-items, vs $0.33 consensus; sees revs $1.04-$1.075 bln, vs $1.06 bln consensus "Demand is seasonally strong for desktop, notebook, ESATA, retail, and PVR/DVR hard drives and as is typical, unit shipment levels have been relatively linear. Pricing in all segments of its business has been better than expected and the Company has continued to make improvements in manufacturing cost efficiencies, leading to better than expected gross margin performance. Even with improved results, the Company still anticipates a substantial reduction of its total inventories by quarter's end from levels at the outset of the quarter. Currently, weeks of inventory in the distribution channel are within the manageable range of four to six weeks for the Company and for the industry..." [Harry: Strength in INTC, ATYT mirroring the perception that sales for computers for Christmas will be strong. Given that more than 50 percent of semiconductor sales are into this segment, a lot of companies are counting on a strong Q.]