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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: LK2 who wrote (3572)6/9/1998 4:51:00 PM
From: Bill Lin  Respond to of 9256
 
WDC should go down a lot tomorrow.

technical default of loan convenants is pretty serious stuff.

points of big cash flow problems.

BL



To: LK2 who wrote (3572)6/9/1998 4:51:00 PM
From: shane forbes  Read Replies (2) | Respond to of 9256
 
(np)

RE: Since WDC has been beaten down so much anyway, it's hard to tell what the stock will do

Don't worry - the stock is going down - the future good times are a bit too far away.

never like to see serious stuff like technical defaults - hate bank loans - this will cost 'em...



To: LK2 who wrote (3572)6/9/1998 4:54:00 PM
From: Tom Simpson  Read Replies (1) | Respond to of 9256
 
>Since WDC has been beaten down so much anyway, it's hard to tell what
>the stock will do.

I think you are probably right. It has dropped 30% here in the last few weeks and the reason is now finally out on the table. How does the story go? Sell the rumor, buy the news?

Best Regards.....Tom


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