Disk Drive Sector Discussion Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Disk Drive Sector Discussion Forum

WDC 159.98

-2.2%

2:34 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sam who wrote (1425)	11/7/1997 9:39:00 AM
From: GuyNixon	Read Replies (1) of 9256

WDC just pre-announced. Well, at least it's not in the red. However, the last part of the comment is interesting. Does it mean APM will get hurt more than RDRT? >>>Data storage products maker Western Digital Corp <WDC.N> said Friday it expects its second fiscal quarter ending December 27 would be $0.20 to $0.30 per share -- well below current analysts' expectations of $0.83 per share. The company said its second quarter results would be impacted by "significantly higher-than-normal competitive pricing pressures" in the desktop hard-drive business, as well as product mix and cost issues associated with the company's last desktop drives with thin film inductive head technology. However, unit volumes for the quarter are still expected in the previously stated range of 7.3-7.5 million, reflecting continued strong demand for its desktop and enterprise hard drives, it said. The company said it is considering taking potential non-recurring charges in the range of $15 million to $30 million. The plan stems from the company's phase-out of thin-film head products in favor of hard drives featuring newer magneto-resistive heads. The ramp-up of its new 2.1GB/platter desktop platform is proceeding ahead of plan and its new 9.1GB Enterprise drive moved to volume production this week as planned, it said.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next