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

To: Pierre-X who wrote (7821)	11/23/1997 11:20:00 PM
From: T Bowl	Respond to of 11057

PX - I agree with your earnings notes, I heard the 150 to 170 guidance in the COMDEX CC. Most revisions are in and will probably show up in this week's First Call and Zacks. Also, the current price puts the 98 PE relatively high for WDC historically(when you use $1.60). But I do not think that this means we will see much further downside because the 99PE is LOWer than the historical norm. My guess is that some people are buying for the long term(2 yrs <g>) which should support the current price. The same is true, but more apparent, for SEG - 98 PE somewhere silly in the 20s, but 99 PE is in the single digits. Unless we see lower estimates AGAIN for 99, I don't believe we will see much further downside. But then again, there's not much upside given the current price and market conditions IMO. todd