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

To: David Harker who wrote (10094)	1/19/1999 6:29:00 PM
From: Flan	Respond to of 11057

Thank god I own alot more seagate than WDC but my WDC cost is high 16s so I have still made money on this poor decision - I too bought it too early and rode it down to $7 and back. This stock is way ahead of its near term, medium term and as it looks now long term potential....don't get so defensive about the stock, I am not attacking your character or investment prowess. I bought a basket of leading drive makers for a variety of reasons. Unfortunately WDC has continued to underperform the group on any type of operating basis. Last year I had the opportunity to sit down with several other associates and speak with Warren Buffett for three hours about his investing strategy etc. --- and the one statement he made that really struck me was his belief that the hardest investment decision he ever has to make is when to sell an investment that has not panned out. (he was referring to US air which tripled after he sold his million share + position) WDC has disappointed me time after time and it is now time to move on - not necessarily in the morning but pretty soon... it is all about execution and clearly they continue to lag.

To: David Harker who wrote (10094)	1/19/1999 7:28:00 PM
From: Stitch	Respond to of 11057

David, <<It is impossible to switch from massive losses to "instant profit" in one quarter. >> SEG went from a net loss of 12 cents per share to a profit of 42 cents a share in one quarter so we need to put your generally true statement into perspective. But with huge write offs, and creative accounting this doesn't necessarily tell the whole story. One question I have been asking myself is why WDC delayed additional consolidation moves. If they can consolidate divisions now, why couldn't they have done so last quarter, or the quarter before? Now a question all WDC investors must ask with a bit more trepidation is whether there is more cost cutting measures that have not been deployed and will there be more write offs this quarter. Best, Stitch

To: David Harker who wrote (10094)	1/20/1999 4:26:00 PM
From: Flan	Read Replies (1) \| Respond to of 11057

Looks like the street tended to agree with me that the quarterly earnings announcement was terrible. I reiterate my "sell rating" on WDC's management. Still can't believe they posted as lousy a numbers as they did ...expected their usual charges but they threw in some earnings dilution to make things even worse. Nice 4 point drop from yesterdays close so people were falling over themselves today to get out - Should have stuck to my guns and sold at the open probably would have got filled at 18.5 now I hold stock worth 16 and probably going lower.