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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc. -- Ignore unavailable to you. Want to Upgrade?

To: Bargain Hunter who wrote (3549)	3/10/2018 7:44:20 PM
From: FJB	Respond to of 4828

The source for those numbers is in the slides. IDC, TrendFocus, Wells Fargo idc.com

To: Bargain Hunter who wrote (3549)	3/10/2018 9:00:23 PM
From: Unwelcomeguest	Respond to of 4828

I tend to believe the market in cases like this. That article and the one below came out on Wednesday, March 7th and WDC is definitely being valued more than MU. Here is a price chart for WDC and MU since the articles were published. WESTERN DIGITAL CORP COM WDC: NASDAQ 3 Day Chart Upper Indicators MICRON TECHNOLOGY INC COM Lower Indicators Volume by Price Another article published on the same day with a completely different perception of WDC: investors.com Western Digital Stock Breaks Out As Wall Street Sings Its Praises Reprints BRIAN DEAGON3/07/2018 Western Digital ( WDC) stock broke out to a multi-year high Wednesday as a confluence of recent events appears to have emboldened Wall Street, which has given the disk-drive maker a slew of price-target increases in recent days and weeks. The largest manufacturer of disk drives and a leading provider of flash-memory chips, Western Digital shares are up for the fifth straight day, and its stock was up 1.6% to close at 95.27 on the stock market today. Helping its cause, Western Digital has reported five quarters in a row of double or triple-digit earnings growth, and recently settled a spat with Japan's Toshiba over the sale of a flash memory business. Among those singing the company's praises has been Mizuho Securities analyst Vijay Rikesh. Rikesh in early February raised his price target on Western Digital to 110 from 105, with a buy rating. He noted that major users of memory have reported earnings, and a drop in iPhone projected sales has helped sales of so-called NAND flash memory, which Western Digital markets. Rikesh said that "NAND pricing has held steady, pointing to strong fundamentals for (Western Digital) combined with, as we noted prior, a constructive settlement with Toshiba." Christian Schwab, an analyst at Craig Hallum, on Tuesday raised his price target on Western Digital to 120 from 110. He maintained a buy rating, citing lowered interest expense at Western Digital and improved capital structure. The company recently restructured its debt to more favorable terms. Late last month, Stifel analyst Kevin Cassidy resumed coverage on Western Digital with a buy rating and a price target of 105. Cassidy is optimistic about Western Digital's disk drive business and the recent joint venture agreement with Toshiba, which ended a lengthy battle over a previous joint venture. Cassidy also resumed coverage of Seagate Technology ( STX) with a hold rating and price target of 49. Seagate is the main competitor to Western Digital in the disk drive market. Shares of Seagate Technology were up 0.1% to 56.30. IBD'S TAKE: Shares of Western Digital broke out of a three-and-a-half-month base in strong volume, with a buy point of 93.41. The stock on Wednesday hit a level not seen since May 2015. The company holds a strong IBD Composite Rating of 95 out of a possible 99. Western Digital reported fiscal second-quarter results on Jan. 25 that matched the consensus revenue forecast and showed a solid beat on the bottom line. Western Digital reported revenue of $5.3 billion, up 9% from the year-ago quarter for its fiscal second quarter ended Dec. 29. The company posted adjusted earnings of $3.95 per share, beating the consensus estimate by 16 cents. Western Digital raised its financial outlook in mid-December after settling a lengthy legal battle with Japanese conglomerate Toshiba that removed a major overhang regarding access to advanced memory chips. UBS analyst Munjal Shah on Tuesday assumed coverage on Western Digital with a neutral rating and a price target of 90, saying an expected decline in flash-memory chip prices in the second half of this year represents an overhang for the shares. ************************************************************************* UWG