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Technology Stocks : Western Digital (WDC)

WDC 153.72

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3:03 PM EST

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To: Guy who wrote (10385)	6/17/1999 11:02:00 AM
From: bberthot	Read Replies (1) of 11057

Western Digital sees Q4 loss greater than expected NEW YORK, June 17 (Reuters) - Disk drive maker Western Digital Corp. (NYSE:WDC - news) said Thursday its operating loss in the fiscal fourth quarter will be greater than previously expected because of aggressive pricing pressure in the desktop drive product line, which accounts for nearly 90 percent of the company's revenues. The Irvine, Calif.-based company said it expects a loss of $0.90 to $0.98 per share, before a one-time restructuring charge of $20 million, in the quarter, ending July 3. In the year-earlier fourth quarter the company reported a loss of $1.84 per share diluted. Western Digital also said it expects total shipments of about 5.5 million units in the fourth quarter, compared with 5.1 million in the third quarter. ''The competitive pricing environment has been much more aggressive than we expected this quarter,'' the company said in a statement. Company officials were not immediately available for comment.

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