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


To: John Wang who wrote (7722)11/19/1997 11:39:00 AM
From: John Wang  Respond to of 11057
 
IMO, I think that all DD makers should hit a double bottom today. SEG's news should have been factored in by most analysts and institutions. This morning's stock actions for all DD makers are just knee-jerk reaction to the "no news". SEG will have a strong support at $23-$24 level based on <2X book value.
Being able to be marginally profitable, SEG's SCSI business probably is making money to compensate for the problem at desktop even though there is severe competition from IBM, QNTM and WDC in that area. I reason that to be good for profitability picture for SCSI business at the other three.
John