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

To: Augustus Gloop who wrote (7500)	11/12/1997 3:09:00 PM
From: Flamethrower	Respond to of 11057

RT 19 7/8 19 13/16 3,600,00 shares Now that it has busted the psycological support of 20 there is not much to stop it from going to 17. After the revised earnings were posted last Friday, I dumped my shares because I mentally calculated a new pe which I didn't think that the stock was worth even at 23 3/4. I gladly dumped my shares at that time. Even if the stock hits 15 I won't buy it again. Flamethrower

To: Augustus Gloop who wrote (7500)	11/12/1997 3:12:00 PM
From: Chris Anderson	Read Replies (1) \| Respond to of 11057

I had to bail from WDC at a loss, building a house. For those still hanging on, here are some comforting words from VL (dated 10-24-97): "Performance has been hampered by severe price erosion in the desktop drive markets" "Indeed, it appears this latest bout of price competition in the DD industry is no more than a temporary inventory glut, and it certainly does not indicate a fundamental drop in demand" "We look for solid growth in units shipped this year" "We view the stocks current trading range ($39) as a good entry point for value-oriented investors" They estimate 98 earnings at $3.45, but that is with a .67 first qtr. Outlook to 2000-02 is share price in $70-115 range. I am skeptical, but if SEG and WDC really cut production as claimed, this should help margins. You would think they would be almost DESPERATE to do something to better manage the supply/demand equation. Only time will tell. My opinion is that WDC will see better times, maybe earn $2.50 next year and with a good outlook to 99, stock may peak at $45-50 sometime in 99. Good luck you guys. Happy investing! (sorry, couldn't resist :-) ) Chris

To: Augustus Gloop who wrote (7500)	11/12/1997 3:18:00 PM
From: Thomas George Warner	Read Replies (3) \| Respond to of 11057

There are 3 options not 2: 1. Hold what you have 2. Buy more 3. Sell. The investment cycle goes from wild euphoria to utter dispair. From the sounds of all of the posts on this thread we are at the utter dispair stage where all sense of rationality is absent. Its time to buy more. Look at the fundamentals folks. 94M shares (100% of capitalization) , no debt, still highly rated by standards and poors and valueline, an excellent product etc. Read the latest reports filed with the SEC. I have been buying all the way down. This is where the real money is made by those with enough intestinal fortitude to make their own decisions and reap the benefits from those willy nillies that shouldn't have invested in the first place.