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

To: Jonathan Bird who wrote (8664)	2/1/1998 5:45:00 PM
From: christopher d licata	Read Replies (1) \| Respond to of 11057

i have to jump in after reading the many posts on this thread. mr bird, your opinions are very weak. as an investor, you must be out in front of the knowledge curve. when wdc hit the 50s in 97, there were people leaping in like crazy. the market for storage was never that good and people neglected the cyclical(supply problem)of the industry. but, the industry is always growing and the competitors are not nearly like 5-7 years ago. the dd sector is becoming an oligopoly with the top 5 companies running the show. the wdc market cap is about 1.7 billion. no debt. great products. great positioning. ill buy and hold for as long as it takes. the real reason to not touch a dd stock is if storage demand becomes stagnant which will probably not be the case for 10-20 years. dd industry will grow, inventory will become balanced, asia will settle down, and in 2-3 quarters people will be leaping into the drive companies again.good luck to all.