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

To: Ian@SI who wrote (10072)	1/16/1999 9:12:00 PM
From: Glenn D. Rudolph	Respond to of 11057

WDC: BANCBOSTON RS increased estimate for fiscal year ending 06/99 from $-3.52 to $-2.65 on 01/13/99 WDC: BANCBOSTON RS increased estimate for quarter ending 03/99 from $-0.64 to $-0.40 on 01/13/99 WDC: BANCBOSTON RS increased estimate for quarter ending 06/99 from $-0.62 to $-0.20 on 01/13/99 WDC: BANCBOSTON RS increased estimate for quarter ending 09/99 from $-0.16 to $0.04 on 01/13/99 WDC: BANCBOSTON RS increased estimate for quarter ending 12/98 from $-1.01 to $-0.80 on 01/13/99 WDC: BANCBOSTON RS increased estimate for quarter ending 12/99 from $0.04 to $0.17 on 01/13/99 WDC: HAMBRECHT&QUIST has reiterated estimate for fiscal year ending 06/99 of $-3.15 on 01/14/99 WDC: HAMBRECHT&QUIST has reiterated estimate for quarter ending 03/99 of $-0.65 on 01/14/99 WDC: HAMBRECHT&QUIST has reiterated estimate for quarter ending 06/99 of $-0.25 on 01/14/99 WDC: HAMBRECHT&QUIST has reiterated estimate for quarter ending 12/98 of $-1.01 on 01/14/99

To: Ian@SI who wrote (10072)	1/16/1999 10:34:00 PM
From: Stitch	Read Replies (1) \| Respond to of 11057

Ian, I know you to be a solid investor with a willingness to do a lot of reading and fundamental research. I know this from following closely your posts on the semi conductor equipment thread where I feel you hold your own against the bears. Now you are asking Zalesky, who has done nothing but hoo rah this stock, without one iota of rationale, for an explanation of his latest statement. Good luck. Now let me ask you a question. What is there about WDC that makes you feel bullish about it? I see it as a screaming short that will nosedive as soon as there is any hint of renewed difficulty in the sector. Even if you buy into the recent upgrades in EPS (we should say losses per share really) this company does nothing but bleed for several quarters. How far out are you going to justify current pricing? FWIW I have sold SEG and shifted my focus to non pure DD plays that keep me in data storage. (Disk array and equipment companies). I am also likely to renew a short position in WDC having narrowly ducked the bullet of this recent mania by covering before the stock rose above my sell point. Still gunnin for it. <G> Best, Stitch

To: Ian@SI who wrote (10072)	1/17/1999 10:39:00 AM
From: zalesky	Respond to of 11057

To IS: What we may see on Tuesday is a sucker's selloff before earnings during the morning hours. I'm also still a little leary about the Brazilian connection. I wanted to take a little cash off the table prior to the big weekend and wanted to cash in on a few of my winners-UIS and WDC. The huge move in the NASDAQ on Friday with a slight loss in WDC did not exactly wet my appetite in the very short term either. I still stay we may see a pull back to about 19 to 19.25. If not I"ll just repurchase in the 21 dollar range. Either way this baby will be making a move to 30 once it shatters its previous 12 month high of 22!! LETS MAKE SOME $$$!!!