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Technology Stocks : Western Digital (WDC)
WDC 57.52+1.0%Dec 3 4:00 PM EST

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To: Brazilian Investor who wrote (11032)7/24/2010 10:47:48 PM
From: Mark O. Halverson  Read Replies (1) of 11057
 
Nice to see someone on the board, after two plus years of no posts. Western Digital is incredibly cash rich and doing extremely well at present. Unfortunately, even with record earnings and revenues, the numbers fell short of expectations, so naturally the stock was pummeled. There seems to be a mindset around that solid state will take over from hard disk storage, rendering disk storage obsolete. I don't buy it. There's ample need for both types. Solid state will keep encroaching re server market and for rapid PC boot up. But for video, movies and other mass storage it won't replace the hard disk for a long, long time, if ever. Once all this is realized I think WDC will bounce back strongly. By the way,I'm long on WDC, STX, SNDK and MU.
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