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

To: Howard Feinstein who wrote (7244)	11/8/1997 12:21:00 AM
From: William J. Leiby	Respond to of 11057

Hi Howard, consider this sharin' a beer with ya. I KNOW yer pain. Here I was, poundin' the table over this stock and refusing to acknowledge the very real warning signs. I've been doing this for awhile and I still make this stupid mistake. I don't know how long this cyclical problem will persist. There are variables that WDC management will be hard-pressed to control, namely, the fundamental financial situation in Japan and the Far East . I know, I know, we hear the arguments about labor costs easing in Singapore and Malaysia but as I fretted in earlier posts, Japan is going to do a lot of exporting and you better believe the way OEM's are pressing the DD makers, having a good rapport with those OEM's, as WDC likes to point out, just won't get it. You've got to have a superior product at a better price. It appears management was a little slow in ramping up with MR head technology and it's bitin' them on the butt. We've heard in the past that the days of overcapacity were gone if not substantially mitigated. Obviously, it ain't so - so I would argue that the DD maker's management and boards should take a good hard look at further consolidation. Regards, Bill