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Technology Stocks : Western Digital (WDC) -- Ignore unavailable to you. Want to Upgrade?

To: SidStock who wrote (10501)	11/5/1999 5:18:00 PM
From: Carey Thompson	Respond to of 11057

At least the mgmt at WDC is keeping its eye on the evolving data storage market (yet the losses continue to mount). Read the following excerpt for mgmt current vision and efficiency moves. cbs.marketwatch.com Struggling data-storage maker Western Digital has to slash costs, seek out new markets and change the way it manages its operations if it's going to survive, a top executive said. While Western Digital is one of the leaders in its field, the data-storage industry has been rocked by tumbling computer prices and cutthroat competition. That's triggered a 25 percent decline in sales and caused the stock to plunge. Western Digital (WDC: news, msgs) now trades around $3 a share, well below its 52-week high of 21 7/16. To address those problems, Western Digital is closing plants and moving some operations to Asia, where costs are lower, said Matt Massengill, the co-chief operating officer. "Now that 80 percent (of PC sales) are at the low end, we have to change how we manage," he said. "We intend to have the lowest costs in the industry." In addition, the manufacturer is targeting new markets, especially the home-entertainment sector. Consumer goods manufacturers are introducing new products to allow customers to easily store movies and songs, among other things, for future playback. Within five years, the consumer-goods industry believes it can sell 50 million home-entertainment devices like TiVo -- the next generation of view recorders. That would be equal to half the current computer market. "We believe this is a massive opportunity," Massengill said.

To: SidStock who wrote (10501)	11/10/1999 1:57:00 AM
From: fiberman	Read Replies (1) \| Respond to of 11057

Hey buddy, is there a light at the end of this long and dark tunnel, finally? Maxtor raises disk drive prices Nov 09, 1999 --- Maxtor Corp. raised prices on its highest volume hard disk drive products. The price increase went into effect in distribution channels worldwide on Monday, November 8, the company said. Maxtor has also raised prices selectively at OEMs over the past four weeks. In its latest decision, Maxtor has increased prices in the distribution channel on products in the 4 to 8 Gigabyte range and selectively at OEMs on products from 4 to 13.5 Gigabytes. The move reflects Maxtor's belief that drive products are in short supply. "Price declines have been at unprecedented levels for nearly one year," said Mike Cannon, Maxtor's president and chief executive officer, in a statement. "While customers have greatly benefited from this, these prices declines cannot continue indefinitely at this rate. The current imbalance in supply and demand gives us the opportunity to moderate pricing which will help ensure that customers continue to have competitive supply choices in the future."