Western Digital (WDC) Message Board

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Technology Stocks : Western Digital (WDC)

WDC 152.30

-4.8%

10:00 AM EST

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To: Sam Citron who wrote (10942)	7/29/2004 8:24:15 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 11057

>> Do you see the pricing pressure ending anytime soon? I have no idea. At current conditions,WDC made $30m profit. Maxtor lost $65m, and Seagate either broke even, or lost $35m (depending on writeoff items). I have no idea why Maxtor is in business. They have no manufacturing facilities. They commission contract manufacturers to make drives for them, which they resell at a loss. They lose money on every drive they sell. I expect they can go on like this for a couple more quarters, until their losses become too much too continue. In the mean time wdc keeps making a little profit. And maxtor sinks lower.

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