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

To: Chi Pan who wrote (8086)	12/6/1997 7:23:00 PM
From: Brian Lempel	Read Replies (3) \| Respond to of 11057

I don't think WDC will go into the low teens, or even come close to single digits. It has already gone down from $54, and I think most funds have already sold. This has also probably been exascerbated by funds not wanting WDC on their books for the end of the year. And here's a question (honestly) to the bears: How much further do you think DD prices will go down? I ask this because further declines are clearly factored into estimates for '98. WDC is expected to post a profit this quarter, but not again until 1Q '99! The MR transition and any lower yields associated with it should not be affecting earnings that far in the future. Also, I just read a Lehman Brothers report on WDC. I think that their research is the best I have seen (It has never contradicted any of my opinions on a stock). It says that they are reccomending their clients to buy WDC on the first sign of a turnaround in the industry trend. I know this proves nothing, but at least it shows you what the sentiment is. So while WDC is beat up now on low future expectations (which I find to be unreasonably low), a turnaround in pricing trends will likely spark a drastic comeback. Brian

To: Chi Pan who wrote (8086)	12/6/1997 8:57:00 PM
From: Glenn D. Rudolph	Respond to of 11057

WDC: DEUTSCHE MORGAN decreased estimate for fiscal year ending 06/98 from $1.65 to $0.34 on 12/03/97 WDC: DEUTSCHE MORGAN decreased estimate for fiscal year ending 06/99 from $2.85 to $1.20 on 12/03/97 WDC: DEUTSCHE MORGAN decreased estimate for quarter ending 03/98 from $0.34 to $-0.11 on 12/03/97 WDC: DEUTSCHE MORGAN decreased estimate for quarter ending 03/99 from $0.78 to $0.43 on 12/03/97 WDC: DEUTSCHE MORGAN decreased estimate for quarter ending 06/98 from $0.42 to $-0.20 on 12/03/97 WDC: DEUTSCHE MORGAN decreased estimate for quarter ending 06/99 from $0.86 to $0.55 on 12/03/97 WDC: DEUTSCHE MORGAN decreased estimate for quarter ending 09/98 from $0.45 to $-0.02 on 12/03/97 WDC: DEUTSCHE MORGAN decreased estimate for quarter ending 12/97 from $0.24 to $-0.02 on 12/03/97 WDC: DEUTSCHE MORGAN decreased estimate for quarter ending 12/98 from $0.74 to $0.23 on 12/03/97 WDC: PAINE WEBBER decreased estimate for fiscal year ending 06/98 from $1.50 to $0.38 on 12/03/97 WDC: PAINE WEBBER decreased estimate for fiscal year ending 06/99 from $2.20 to $1.28 on 12/03/97 WDC: PAINE WEBBER decreased estimate for quarter ending 03/98 from $0.84 to $-0.14 on 12/03/97 WDC: PAINE WEBBER decreased estimate for quarter ending 03/99 from $1.00 to $0.40 on 12/03/97 WDC: PAINE WEBBER decreased estimate for quarter ending 06/98 from $0.96 to $-0.16 on 12/03/97 WDC: PAINE WEBBER decreased estimate for quarter ending 06/99 from $1.07 to $0.53 on 12/03/97 WDC: PAINE WEBBER decreased estimate for quarter ending 09/98 from $0.84 to $0.07 on 12/03/97 WDC: PAINE WEBBER decreased estimate for quarter ending 12/97 from $0.28 to $0.01 on 12/03/97 WDC: PAINE WEBBER decreased estimate for quarter ending 12/98 from $0.92 to $0.25 on 12/03/97 WDC: SALOMON SMITH B decreased estimate for fiscal year ending 06/98 from $1.70 to $0.37 on 12/03/97 WDC: SALOMON SMITH B decreased estimate for fiscal year ending 06/99 from $2.78 to $1.20 on 12/03/97 WDC: SALOMON SMITH B decreased estimate for quarter ending 03/98 from $0.32 to $-0.18 on 12/03/97 WDC: SALOMON SMITH B decreased estimate for quarter ending 06/98 from $0.49 to $-0.12 on 12/03/97 WDC: SALOMON SMITH B decreased estimate for quarter ending 12/97 from $0.22 to $0.00 on 12/03/97 WDC: SANDS BROTHERS decreased estimate for fiscal year ending 06/98 from $1.52 to $0.16 on 12/03/97 WDC: SANDS BROTHERS decreased estimate for quarter ending 03/98 from $0.35 to $-0.24 on 12/03/97 WDC: SANDS BROTHERS decreased estimate for quarter ending 06/98 from $0.46 to $-0.23 on 12/03/97 WDC: SANDS BROTHERS decreased estimate for quarter ending 12/97 from $0.22 to $-0.04 on 12/03/97