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To: Brad Rogers who wrote (4952)	4/28/1998 12:56:00 PM
From: still learning	Respond to of 7841

WD comments may have been pos, but results were poor. "diappointed" type quote in new release, and blamed problems on industry woes rather than fessing up to lost mkt shr. Bad news for DDs in short term. Stock is in trading hands right now for SEG, QNTM and WDC, and is therefore vulnerable to quick bailouts IMHO. Hyundai/Maxtor progress -- making $$ now, bodes ill for WD, and the fact that none of the Asian players has been forced to either bow out or retrench means cpacity pressures may continue. OTOH, time is our aklly as we move closer to back half of year. As soon as we get past the Summer quarter, mkt will focus on the future more than the present, but right now we are still very much, at least psychologically, in the cyclical downturn. In fact, we are probable very much still in the rut. Best scenario is if the market at least treads water -- and people start looking for value stocks time low PE DD makers. But this assumes that DD makers are making money and not losing it, otherwise low PE, PS, PR is meaningless. If this group can show some earnings strength next Q, then the upturn will really begin.