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

To: jbe who wrote (7887)	11/28/1997 1:06:00 PM
From: Shi	Read Replies (1) \| Respond to of 11057

It looks like the institutional holding has come down from 95% to 87%, and possibly 68% if Jan's (#7883) number is more up to date. That's serious "dumping". I suspect WDC's stock price won't pick up anytime soon (I mean before Jan.) because money managers won't touch a dog at the year's end. If the percentage goes down further to below 60% or even 50%, I consider it an advantage. How many institutions are left to buy Qntm when 85% of it has already been institutionally owned? Maybe early next year when managers reshuffle their holdings, WDC will pick up again. Regarding cash flow, WDC has been buying back shares aggressively. I have to check my fact at their web page again, but I remember the # of bought back shares is 22% of the total share outstanding, perhaps that could explain "where all the cash's gone". I won't touch this one until their next quarter's result. Happy investing, and digesting shi