Clik here to view.
Memory: This HDD disconnect can’t continue
With higher quality Western Digital screening well for both de-equitisation and LBO characteristics (with reference 3 and 4 above) a sell/short call on the name is clearly far too risky. Seagate,...
View ArticleClik here to view.
WDC: Everything but the kitchen sink. Sell theory on Seagate gains weight
Western Digital’s guidance explains the 10% post market swing to close 6% lower. The headwinds seem somewhat obvious given all the data points from the PC industry in recent months. Price action,...
View ArticleMelco could be a harbinger of bad HDD performance
Last night Melco fell -4.5% (6676 JP; a Japanese maker of external storage devices for PCs) after revising down its FY 2014 (March) revenue guidance by 4.8%, citing weak PC and flat-screen TV demand....
View ArticleIntel’s aggressive 2014 assumptions: Sell INTC, WDC and STX
INTC last night reported Q4 Rev that was 0.7% above consensus (and +2.6% sequentially), Gross Margin of 62.0% vs. consensus of 61.1% and EPS of $0.51 vs. consensus of $0.52 (higher OpEx and a higher...
View ArticleWestern Digital: downward trend has begun
Last night, WDC reported Q4 Rev that was 3% above consensus, along with slight Gross Margin and EPS upside. WDC guided Q1 Rev 0.7% below consensus (and -6.8% sequentially), while guiding the mid-point...
View ArticleWestern Digital: Asia findings confirmed…
Last night, our preferred short in the HDD space, WDC, missed Q1 consensus Rev and guided Q2 lower. WDC cited weak Enterprise spending, while Gaming remained strong. They believe that Enterprise demand...
View Article
