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

To: Kevin Yang who wrote (7107)11/1/1997 10:39:00 PM
From: Dr. Bob  Read Replies (1) | Respond to of 11057
 
Kevin,

This is a similar discussion to one we had on this thread about 6 months back. Since that time, the anticipation of "no price wars" has been shattered by Seagate's dumping, and the missed estimates by nearly all the major players has reinforced most peoples' low level of confidence in projected earnings for '98 - thus, the low P/E. As long as overcapacity exists, the threat of a price war will, too, and the PEG will remain substantially <1.0.

As a portion of a diversified portfolio, WDC (and some others in this sector, esp. IOM) look good to me. But to "load up the truck" would be putting way too many eggs in a holey basket!

Bob



To: Kevin Yang who wrote (7107)11/2/1997 1:14:00 AM
From: Berney  Read Replies (1) | Respond to of 11057
 
Kevin, Most of your points are excellent; however, the entire tech
sector has been hammered since the end of Aug. I point out earlier
that INTC, WDC and INVX all peaked on Aug 20, and APM a week later.
Tough to buck a trend, but I believe it is normal cycle.

I'm curious why the substantial increase in shares over the last
couple quarters. Anyone know why?

Berney


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