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  • Apple's Crime And Punishment [View article]
    Dear Cgrudy,

    Thank you for taking the time to read the article and for the comments – much appreciated.
    Mar 13 06:23 PM | Likes Like |Link to Comment
  • Apple's Crime And Punishment [View article]
    Dear Sower,

    Thank you for taking the time to read the article, but also for the feedback - much appreciated.
    Mar 13 06:21 PM | Likes Like |Link to Comment
  • Apple's Crime And Punishment [View article]
    Dear beachbum40,

    Thank you for the feedback.
    Mar 13 06:19 PM | Likes Like |Link to Comment
  • Apple's Crime And Punishment [View article]
    Dear MikeUhas,

    Thank you.
    Mar 13 06:18 PM | Likes Like |Link to Comment
  • Apple's Crime And Punishment [View article]
    Dear CatchallInvesting,

    Thank you for taking the time to read the article and for the well thought out comment
    Mar 13 06:11 PM | Likes Like |Link to Comment
  • Apple's Crime And Punishment [View article]
    Dear Reader,

    Thank you for taking the time to read the article and to share your feedback.

    The investment content is comprised of just over 2,800 words. There are six images (with one image comprised of 9 more words which is included in the image count) - images comprise roughly .321% (or 3/10th of one percent) of the content.

    Notwithstanding this there is more investment content here: http://bit.ly/Ks5lWa
    Mar 13 05:57 PM | Likes Like |Link to Comment
  • Apple's Crime And Punishment [View article]
    Dear Reader,

    Thank you for taking the time to read the article and also for providing another point of view.
    Mar 13 05:48 PM | Likes Like |Link to Comment
  • Apple's Crime And Punishment [View article]
    Dear Reader,

    Thank you for taking the time to read the article and for providing another view point.
    Mar 13 05:46 PM | Likes Like |Link to Comment
  • Apple's Crime And Punishment [View article]
    Dear Reader,

    Thank you for taking the time to read the article and also for providing another view point.
    Mar 13 05:45 PM | Likes Like |Link to Comment
  • Apple's Crime And Punishment [View article]
    Dear Reader,

    Thank you for taking the time to read the article and also for the comments – sincerely appreciated!

    Warmest Regards
    Mar 13 05:42 PM | Likes Like |Link to Comment
  • Is Western Digital An Ideal Acquisition Target? [View article]
    Dear Reader,

    Thank you for your feedback!
    Nov 1 09:01 PM | Likes Like |Link to Comment
  • Is Western Digital An Ideal Acquisition Target? [View article]
    Dear Reader,

    Thank you for taking the time to read the article and also for sharing your thoughts.

    In response to your comments you may want to consider the following:

    1. WDC’s “Market share in the Computer Storage as a whole” is not “clearly in decline”, as you say. The industry and WDC’s “market share” have both grown.

    2. HDD’s and SSD’s are not in competition, but rather are complimentary – you may be interested in the Amvona article “Another look at the Low Cost Building Blocks of Storage”: http://bit.ly/SqonBP

    Consider the company’s R & D budget.

    WDC continues to innovate to provide storage solutions which are robust and low cost. The company appears to understand the market opportunity very well and is focused on what is the most profitable. Also, the company is already in the SSD business (particularly in the enterprise and via hybrid drives).

    On Liquidation: With almost ~3.5 B in EBITDA earnings in the TTM (and 100% YoY growth), “liquidation” is probably not the right discussion.

    On IP: HDD’s will be around for some time to come. Given the R & D spend it is safe to wager that the IP portfolio is growing (and growing outside of just traditional HDD technology).

    On equipment: The company depreciates its equipment each quarter, according to GAAP – this depreciation schedule probably reflects, (more or less accurately) the depletion in utility that you mention.

    The more interesting balance sheet question may involve the quarterly depletion of “Goodwill” and “Intangibles” (also GAAP). These balance sheet items are probably increasing in value.

    Therefore, it might be most fair to say that equipment is “fairly valued” on the balance sheet while the intangibles are “undervalued”.

    Hope this helps…. and feel free to stay in touch…

    http://www.amvona.com
    Nov 1 09:02 AM | Likes Like |Link to Comment
  • Is Western Digital An Ideal Acquisition Target? [View article]
    Thank You!

    http://www.amvona.com
    Nov 1 08:03 AM | Likes Like |Link to Comment
  • Is Western Digital An Ideal Acquisition Target? [View article]
    Dear Jim,

    Thank you for taking the time to read the article and also for your thoughtful comments. In response to your question you may want to consider the following for both concerns:

    1. P/B ratio (~1 for WDC, ~3.2 for STX)
    2. EV vs. Market Cap.
    3. Net Tangible Assets - as of last Q4 FY12 - 2.5 B for STX, 4.9 B for WDC - yet STX has a larger Market Cap.

    Also, further to your comments, not convinced they are “pretty much the same company”, a review of the last ten years reveals two different cultures, and very different management objectives.

    STX benefited from the natural disaster in Thailand this time last year - outside of this, the company would not have excelled in the last twelve months the way it has – an advantage that is only temporary.

    The Amvona thesis has been that WDC is the superior company in most respects, although STX is far more popular in the market (see avg. daily volume for instance) - the thesis has proven correct quarter after quarter.

    The most recent earnings announcements has been no exception (WDC beat again, while STX missed)

    If you are interested you will find more Amvona articles on the topic here: http://bit.ly/Q6NVHw

    Hope this helps…. and feel free to stay in touch…

    http://www.amvona.com
    Oct 31 01:36 PM | Likes Like |Link to Comment
  • Another Look At The Low-Cost Building Blocks Of Storage - Part 2 [View article]
    Dear Gary,

    Thank you for taking the time to read the article and also for your positive comments – given your expertise, the feedback is highly valued.

    You may also enjoy the full (unabridged version of the article on http://www.amvona.com – at: http://bit.ly/Uwb6Ma )

    Again thanks and feel free to stay in touch.

    http://www.amvona.com
    Oct 23 06:55 AM | Likes Like |Link to Comment
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