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

To: fiberman who wrote (9820)	9/17/1998 6:04:00 PM
From: fiberman	Read Replies (1) \| Respond to of 11057

BT Alex Brown pulls Western Digital shares up Western Digital Corp. shares climbed nearly 3 percent after bullish comments at BT Alex Brown bumped the company up 1/4 to 10 1/8. Analysts Michael Carboy, Philip Rueppel, and Eran Raber initiated coverage of the company (WDC) with a "market perform" but pointed out that recovering desktop business and an attractive IBM technology agreement could revitalize performance. The PC hard drive maker's new product cycle at record yields should offer significant original equipment manufacturing (OEM) promise, added analysts. The analysts said that they estimate fiscal year 1999 to be a loss of "$2.49 a share on sales of $3.18 billion with break-even to modest profitability in fiscal fourth-quarter 1999."