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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: sixty2nds who wrote (29080)	3/7/2006 7:58:29 AM
From: sixty2nds	Respond to of 95916

07:45 WDC Western Digital downgraded to Sell from Hold at Kaufman- tgt cut to $20 from $22 (22.37 ) Kaufman downgrades WDC to Sell from Hold and cuts their tgt to $20 from $22 saying their channel checks suggest that starting in early Feb, a major price battle began as the various H.D.D players, especially WDC, started aggressively pursuing Maxtor's H.D.D business in anticipation of major revenue attrition expected at Maxtor as Seagate (STX) acquires Maxtor. The firm says both our back-end (supplier) and front-end (distributor) checks expect Western Digital's unit sales in the March quarter to be consistent with the Dec quarter. However, they are hearing that the price battle, which began in early February, has resulted in price declines of approx 10%-12%.