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


To: Kenwood Sun who wrote (8022)12/4/1997 5:35:00 PM
From: mike mccann  Read Replies (1) | Respond to of 11057
 
I see Hambrecht & Quist has cut their fiscal '98 earnings estimate to .30, down from 1.40. And that's operating profit.. there's no charges in there. With today's close at 17-15/16, that gives you a PE ratio of 60!

Why on earth would anyone want to own this stock at this astronomical price?

Mike