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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: William T. Katz who wrote (1505)	11/11/1997 1:40:00 AM
From: LK2	Respond to of 9256

>>do we have irrational unexuberence at this time?<<When WDC cut its Dec Q EPS estimate from around 88 cents to 20-30 cents, we had what is called a reduction in projected earnings growth. Actually, projected earnings growth changed from positive (an increase in earnings) to negative (a decrease in earnings). That might explain, in part, why the stock price dropped. Larry

To: William T. Katz who wrote (1505)	11/11/1997 3:52:00 AM
From: Z Analyzer	Respond to of 9256

<<At this point, there is not any verifiable evidence that severe pricing pressures have entered the 3gb and higher capacity area. While I agree this may occur soon, it was supposedly not visible a week ago to WDC. So do we have irrational unexuberence at this time?>> We should all keep in mind that WDC which is clearly having yield problems on its mainstay 1.3 GB, sounds like they are aboting the 1.7 GB/platter and is more exposed under 2GB is doing what companies with internal problems like to do. Blame the industry. Remember this is the DEC qtr and no one disputes that desktop demand is good. Also, the competition that we all fear is not yet as evident as it may become.