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

To: mike mccann who wrote (7901)	12/2/1997 9:10:00 AM
From: jim detwiler	Respond to of 11057

Long term research Other long term positive trends included the move towards digital content (requiring large disk drives), the upgrade potential of the 250mm PC's already installed and the potential use of data storage devices within consumer electronics. While these are all five year or more trends they point to the reason market forecasts call for a $33 billion storage market by 1999.

To: mike mccann who wrote (7901)	12/2/1997 9:18:00 AM
From: Anne Stehley	Read Replies (1) \| Respond to of 11057

Mike: Long WDC. Will probably buy more today at a reduced share price. Thanks.

To: mike mccann who wrote (7901)	12/2/1997 10:31:00 AM
From: Sawtooth	Respond to of 11057

<< I feel sorry for anyone who's long this stock.>> Mike: Thanks for the sympathy. I think I feel a little better with your kind words (but not much). ; ) ...Tim and may I add ..."This sucks!". ; ) ; ) ; ) "'Cuz when you're smiling, whenyour smiling, the whole world smiles with you ..." . Boo, hoo, hoo. (Now I feel (a little) better). Onward, one foot in front of the other, to the land of the profits. Thanks, thread, for allowing me a little babbling to get through this apparent death spiral in the DD's. Good luck to all of us. ...Tim

To: mike mccann who wrote (7901)	12/2/1997 12:32:00 PM
From: still learning	Respond to of 11057

Math formula: WDC@single digits=takeover Prove or disprove.

To: mike mccann who wrote (7901)	12/2/1997 9:04:00 PM
From: mike mccann	Read Replies (1) \| Respond to of 11057

Two years ago WDC traded in the $7 range, with a PE of about 6. Fundamentals were much better back then. I don't know what the company means when they say "modestly profitable" for fiscal '98, but since they earned .67 1st Qtr and claim they'll break even 2nd Qtr, I assume that means they'll lose money 3rd and 4th Qtr's. So they'll probably earn a nickel or a dime for the whole year. But let's be conservative and put their fiscal '98 earnings at a quarter per share, and raise their PE above their historical ratio to say 10. This would give you a stock trading at $2.50. Can't argue with the math. Mike