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

To: A. Edwards who wrote (8577)	1/29/1998 6:29:00 PM
From: SJSharky	Read Replies (1) \| Respond to of 11057

I agree...since most of the bad news was absorbed by the price when Seagate released earnings, I believe that the stock should be up tomorrow. However, I do not like the term "special charges" as its not a GAAP accounting term. Notice that they couldn't use "extraordinary" or "restructuring" because the charges they mention don't fall into any of those categories according to GAAP. Exiting a technology such as TFI is not the same as exiting a business segment, therefore, it cannot be considered a restructure. The press release was carefully worded to exclude these one-time charges as "special". Hopefully, the market will take well to the fact that these charges are one-time. Hoping we're up at the open-- Ryan