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


To: Anne Stehley who wrote (7903)12/2/1997 10:25:00 AM
From: Ramsey Su  Read Replies (2) | Respond to of 11057
 
Anne, just curious as to your reasons for buying more WDC?

The DD sector is "busted". There are no fundamental nor tech support. It is obvious that WDC and SEG are losing money right at the moment. Both have exhausted the "one time charge" avenue to soften the ugly reality. It should not be a surprise that both companies will report a negative number for earnings this qtr.

What are the reasons that propelled this group and WDC to the 50s earlier this year? Are the same factors still around? I think it will be a while before this sector recovers.

Ramsey