Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: FRED TABBAL who wrote (8588)	1/29/1998 11:26:00 PM
From: chichi	Read Replies (1) \| Respond to of 11057

They beat the street by 1 cent but they had 146m in special charges, after they warned of 85-95m for this quarter. I was expecting a loss of $1.00(including charges) based on estimates on the street and the last preannouncement. But $1.66 seems pretty bad, even if it is coming from charges rather than an operating loss.

To: FRED TABBAL who wrote (8588)	1/31/1998 1:33:00 AM
From: Peter	Read Replies (2) \| Respond to of 11057

Today the stock moved up 10%, should it be the market expectation effect? Then, the good news has already been priced. Do you really believe the statement of the company's management? How many times they failed to delivered the results they promised? How many lawsuits do they get now? The last thing, the charge number has increased from 15-25 to 90MM, now actually it is 148MM. 18.5 is lower than the closing price. That means after the report is out, even the optimistic people didn't want to pay 18.875. It is not polite to call other people insane.