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

To: Chi Pan who wrote (7531)	11/12/1997 8:19:00 PM
From: Harry Stein	Respond to of 11057

Chi, I agree with your use of book value, it will tend to create a ceiling that will hold up the share price. Historically WDC has traded as low as 1.11 times book value. See the stockfever link that was posted several days ago (WDC summary). If earnings evaporate and the DD's are awash in red ink, it could test these lower limits. I think I'll do what was stated in an earlier post and catch it on the way up again. This is a good company facing something totally out of their control. It may take all their management skills to see this through. P.S.- does anyone have any indication how bad this asian invasion can get? What are current and near term capacities? Best of luck