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

To: steve goldman who wrote (9239)	4/30/1998 3:54:00 PM
From: SeanS	Respond to of 11057

Hi Steve, this is a nice turnaround. Hope it continues. I personally would not mind a takeover of WDC. After last year, I would prefer quick profits to a long term hold. OT, what do you think of the big pullback from intraday highs we are seeing in the retailing stocks? With Big APR numbers being released next week, I would think long positions in these stocks would be a no-brainer. Good Luck, Sean

To: steve goldman who wrote (9239)	4/30/1998 4:41:00 PM
From: Tom Simpson	Respond to of 11057

>Given the apparent turn around in the sector, i'd hate to see either >company get taken out. They have more upside potential independently. Kind of depends on the take out price, doesn't it? Best Regards.....Tom

To: steve goldman who wrote (9239)	4/30/1998 4:51:00 PM
From: Sam	Respond to of 11057

Steve, "Given the apparent turn around in the sector, i'd hate to see either company get taken out. They have more upside potential independently." If one of them gets taken out, then the other one (and QNTM) would jump. Some sort of consolidation has to happen in this sector, voluntarily or not. The cutbacks we've been told about are one form of that consolidation, but I question their long term efficacy. Either SEG, QNTM or WDC gets taken over (or merge), or one or more of the Asian companies drop out or become niche players. I think that the latter is more likely, due to continuing financial constraints. All of the Asian companies that are drive vendors (as opposed to component suppliers) are now either niche or second tier players. Yes, Maxtor and Fujitsu gained share over the past 8 months, but they are still relatively small divisions within their parent companies. Those parents are diversified in a lot of capital intensive businesses. Are they really going to want to be in the drive sector, which is not only capital intensive and constantly changing, but, as long as they all remain in it jockeying for share, a roller coaster sector in which they can't make a decent return on their investment? The answer to that used to be yes, but with the financial crunch in Asia today, I don't think it will be automatically yes anymore.

To: steve goldman who wrote (9239)	4/30/1998 5:58:00 PM
From: PeterR1700	Respond to of 11057

Steve - didn't see the call action but would suggest a renewed bullishness in WDC. I wish I understood what people are basing their expectations on...fundementals or just what goes down must go up. Anyway - a buyout or whatever would be fine with me...just depends on the $. Peter