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

To: tom pope who wrote (10188)	2/4/1999 10:51:00 PM
From: zalesky	Read Replies (3) \| Respond to of 11057

To Pope: Look, I've been a shareholder in WDC for several months now while the stock has been going up. I've been sighting technical analysis and the overall macro environment for the disc drive makers during this time period.Obviously you are new to this thread and are possibly another person shorting the stock. Its funny how anyone who loves to sing the praises of an investment that has made money is thought of as a drum beater but those who pummel an otherwise great investment are made out to be gurus. Its okay, I'm accustomed to the vultures appearing when Wall Street takes out a great issue and shoots it. Go ahead have your fun, but your shorting days in this issue are definitely numbered. Good Luck again to all Long on WDC!!!

To: tom pope who wrote (10188)	2/4/1999 10:56:00 PM
From: David Harker	Read Replies (1) \| Respond to of 11057

All: More on WDC & Crag Technology, from Rochester Post Bulletin newspaper (Roch is home of a WDC design lab, formerly the Enterprise division). Article is focussed on Roch-specific details, but goes into what Crag does. It looks good to me, sounds like the business EMC is in. It mentions new Roch. site manager Brian Nass. I used to work for him at IBM, he is very driven, and very sharp. If other up-&-coming execs are like him, that's good... Here is it (there is no web link, or I wouldn't be typing all this!): "Western Digital Corp. is moving to strengthen its appeal to makers of server computers with the purchase of a small, West Coast-based technology firm. WD this week announced it has acquired Crag Technologies of San Jose, Calif., for about $12 million in stock. Crag specializes in data storage subsystems, which can include disk drives such as those designed in WD's Enterprise Storage laboratory in Rochester. Crag focuses on storage for servers based on Microsoft's Windows NT operating systems. WD primarily is interested in Crag's programming talent, WD spokesman Bob Blair said, calling it "very much a software technology acquisition." It will complement the hard drive expertise available in Rochester and Irvine, Calif., the company's main development lab for desktop disk drives, he said Wednesday. WD will operate the company as a subsidiary. It is expected to ship its first products in nine months to a year. To date, Crag has worked on software that manages data storage and subsystems of disks that are grouped together to avoid data loss. In the announcement, WD Chairman Chuck Haggerty said the Crag purchase is a step in moving WD beyond disk drives to "develop additional components for OEM (computer) customers' storage solutions." Michael Williams, who was general manager for WD Rochester from September to January, will lead Crag as senior vice president and general manager, the company announced. Williams was moved to California in January, when WD reorganized its two major businesses. Brain Nass is now Rochester site manager for the newly formed Drive Products Division. Williams and some other WD executives at one time for Crag or its predecessor companies."