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

To: christopher d licata who wrote (8669)	2/2/1998 12:51:00 PM
From: T Bowl	Respond to of 11057

<<as for wdc getting a 250 mil line of credit, it shows excellent foresight just in case they need financial manueverability.>> I guess that's one way of looking at it. The other is that they knew they actually needed it after they go thru all the current cash sometime in the JunQ(my guess). Did you listen to Pat Tenney's questions during the CC last week? THAT guy is a real finance weenie! He saw straight thru the cash situation and tried to get some details out of them. Answers were very vague - along the lines of "it all depends on this or that, blah blah." Lawrence stated many months ago that WDC would be sorry they spent all their cash buying back shares. I'm afraid he's looking smarter by the day. Dang, dang, dang! I wish I'd have listened to him back in the $50s. todd