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

To: john david martin who wrote (7684)	11/17/1997 10:43:00 PM
From: Jan	Read Replies (1) \| Respond to of 11057

John, could you please talk to THE OBNOXIOUS somewhere else? I made a mistake to react to himher some time ago. No information is worth to deal person who laughts into your face. No replay, = no presence = decency and civility restored. Please, please.

To: john david martin who wrote (7684)	11/18/1997 12:29:00 AM
From: Vanni Resta	Read Replies (2) \| Respond to of 11057

John, Well, you are more optimistic than I am. This company, and much of the sector, nearly every company except for QNTM for that matter, has gotten MEGA downward revisions since August, and especially over the past few weeks. I haven't seen anything like this since ASND, which is similarly in the doghouse. Sure WDC may bounce around in a trading range of 20 to 27 over the next three months. Beyond that, it gets harder to tell, but the revisions did extend out through the whole year and into the next fiscal year. So $40 by the end of 1998 seems very optimistic to me. Of course, all the companies in the sector could get together and agree on a truce. But is that likely to happen? Have the Asian companies launching the most recent assault been in on those kinds of agreements in the past? I don't think so. There are clear signs of lots of overcapacity (the price war) and until a supplier closes down, what is going to change that, short of another implicit price agreement? Nothing. These things are hard to predict. But clearly, $30 before next summer is highly improbably. And $35 by the end of the year is also unlikely. That's my best call for the moment, but things could change, of course, overnight, if capacity is taken off line or some sort of implicit price agreement is put in place once again. Meantime, there are certainly MUCH better investments around than WDC. And anyone with dead money still in this stock should just take it out and move it into any of the many other great stocks out there right now, and enjoy the ride up with them. You can always buy WDC back three months from now for more or less the same price, if you are wedded to the stock for some reason. Happy Investing! Fanni

To: john david martin who wrote (7684)	11/19/1997 10:59:00 AM
From: Vanni Resta	Read Replies (3) \| Respond to of 11057

In case anyone missed it, here is an interestng turn of events from the SEG thread which I think sheds a lot of light on the flame wars that erupt against me every time I have the temerity to disagree with the group and project another downturn for the DD stocks. I don't post this as a flame, but only to demonstrate that once again, my forecasts were accurate, despite the viscious attacks and lies spread about me in an attempt to discredit me. This is now the third time I have called a downturn in the DD sector and warned people soon enough to get out. I think this should now put to rest claims that I am a "Ouija board" reader, as someone once flamed. Though I doubt it will stifle the childish personal attacks, which don't really bother me, although I must apologize to everyone that this extremely childish behavior by some participants constantly disrupts this thread. techstocks.com techstocks.com But the so-called "laggards," whose downward revisions I warned you about at 11 am Tuesday, were actually foreshadowing this which was releast at 6pm: techstocks.com Happy Investing! Vanni