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

To: Flan who wrote (10086)	1/19/1999 4:57:00 PM
From: tom pope	Read Replies (3) \| Respond to of 11057

>>(please no comments about beating the estimate)<< Well, they did beat estimates, and I don't see any buried lumps of coal in the release - though I don't know whether the revenue figures are are at estimates or not. Perhaps Stitch can comment? I think I can speak objectively since I am short WDC, but it seems to me that the results are certainly no worse than neutral for the stock price - unless the street was expecting a lot better.

To: Flan who wrote (10086)	1/19/1999 5:08:00 PM
From: David Harker	Read Replies (1) \| Respond to of 11057

>0.93 loss what a joke. If you were in charge I'm sure they would have done much better. Your 'hoping for a much better number' was a bit unrealistic, this was a great report. WDC has cut operating expenses ("Total costs and expenses") to only 73.2% of what they were a year ago, even though they increased R&D (one of those expenses) by 13% over the same time period. If you remove R&D as a "cost/expense" (to only consider operating expenses) they cut expenses to only 71.5% of last year's number. That's not exactly "doing a terrible job getting things back in order".