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

To: John Cuthbertson who wrote (8599)	1/30/1998 6:08:00 AM
From: Jonathan Bird	Read Replies (1) \| Respond to of 11057

Most people who use historical P/E to help value a company's stock will look at earnings excluding extraordinary items such as the big charge just taken. John, Where are the people that do P/Es excluding charges? Where have you read or heard about this? How can that posibly be useful? With that technique a company could go bankrupt and still show a P/E. The "one time charge" is so abused as to be meaningless IMO. Its been reduced to a PR tactic. WDCs charge illustrates that very well. Anyway, I don't even consider P/E to be a useful indicator in WDCs case. I was simply making a correction. Jon Bird