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

To: TCGNJ who wrote (8281)	12/21/1997 9:15:00 PM
From: christopher d licata	Read Replies (2) \| Respond to of 11057

the swing in sentiment on this thread is amazing. a company is never that good at the top, and its never that bad at the bottom. the market cap is now 1.5 billion. storage demand is ever increasing(wait until the big video apps start coming in the next 3 years!!)and wdc is IMHO still a great, well managed company. the whole sector is feeling mighty low, from the absolute top just 3-6 months ago. buy this one and tuck it away. everyones time horizon is so short term that its just not investing. this company will rise again, we just may need to wait a bit. any other longs willing to wait 3 or 4 quarters for a sure double??

To: TCGNJ who wrote (8281)	12/22/1997 11:59:00 AM
From: Thomas Haegin	Read Replies (1) \| Respond to of 11057

More downside in WDC? TCG, I'm really not good in forecasting price targets. What I do see is that DD is in a mess right now, WDC is a little behind in the change-over to MR technology, and severe pricing pressures are currently going on. I feel like most part of the DD story is priced into the stock already. From this I would be rather surprised if they continue to sink much lower based on what we know today. However, if the DD world came to an end, further declines in stock prices must be expected. As you may know, I'm long WDC. In principal, I plan to buy more even if prices decline further, but right now I'm not fundamentally convinced to commit more money to WDC. I guess sometimes after their announcement for 12/97 I'll call up Bob Blair again and ask him whether there have been any changes to the positive for the industry or WDC in particular. Maybe other people that post here will be able sometimes to make a case that fundamentals are changing. Apparently, this is not the case yet. If you don't own WDC right now, there is probably no rush to buy it. I guess others are more convinced of QNTM anyway. Maybe the key to all lies in Asia - and on the SI Asia Forum <g>. I hope this helps a bit. Thomas