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

To: Glenn D. Rudolph who wrote (8182)	12/12/1997 10:16:00 PM
From: Howard Feinstein	Respond to of 11057

Are there any brokers left to decrease estimates or downgrade WDC. The only positive here is that WDC should be able to make the following quarter's estimates because they can't get much lower. Stock will probably be trading in 2-3 range. Just a little sarcasm, but if you would have told me 3 mos ago WDC will be trading at 15 by year end I might have thought you were a little wacko! Wall Street is one hell-of-a tough place to make a buck, but I love the action! Have a good weekend! We'll getem' next week! Howie

To: Glenn D. Rudolph who wrote (8182)	12/14/1997 6:13:00 PM
From: Johnathan C. Doe	Read Replies (1) \| Respond to of 11057

Glenn, based on the figures you share, they jive with my thinking that it might be best to wait 4 to 6 months before buying back into WDC. I am just wondering still if there could be a short bounce for a quickie trade, but other than that angle, it seems WDC will be dead for at least the next 4 months. It might start to move after the results of the next 2 quarters are on the table. Things might be worse though concerning the future and more downgrades might be coming. The economist don't have a handle on the global situation and are starting to revise their thinking to a more serious assessment. I think we are just at the start of this, not the end. We will have a much better idea of things in 4 months.