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Technology Stocks : Disk Drive Sector Discussion Forum
WDC 181.54+1.1%Dec 26 9:30 AM EST
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To: Stitch who wrote (3472)6/2/1998 5:49:00 PM
From: xamir  Read Replies (1) of 9256
 
From Briefing

AFTER THE CLOSE ******

Komag (KMAG) 9 3/16 -7/16: disk drive
components supplier says sees a Q2 charge of
$35-$185 mln as company reduces its
Malaysian workforce by 10%; projects a Q2
loss of about $58 mln on sales of $75-$85 mln.
Based on current shares outstanding, $58 mln
figure would put loss at approx. $1.10 a share
vs the $0.72 a share analysts were expecting
the company to lose....
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