I agree that WDC's fundamentals are improving enormously.
I just read the 3q2002 (ending 3/31/2002) quarterly
report that shows growth in revenues, net income, and units
shipped over both 2q2002 and 3q2001.
Three Months Ended Nine Months Ended
Mar. 29, Dec. 28, Mar. 30, Mar. 29, Mar. 30,
2002 2001 2001 2002 2001
Revenues, net $594,867 $574,670 $511,723 $1,610,480 $1,497,659
Costs and
expenses:
Cost of
revenues 513,849 504,112 448,428 1,402,897 1,340,887
Research and
development 33,206 31,293 32,085 96,040 97,703
Selling,
general and
administrative 29,760 29,675 30,225 88,071 91,673
Total costs
and expenses 576,815 565,080 510,738 1,587,008 1,530,263
Operating income
(loss) 18,052 9,590 985 23,472 (32,604)
Net interest
and other income
(expense) (492) 3,105 52 2,769 (741)
Income (loss)
from continuing
operations before
income tax
benefit 17,560 12,695 1,037 26,241 (33,345)
Income tax benefit 1,624 -- -- 1,624 --
Income (loss)
from continuing
operations 19,184 12,695 1,037 27,865 (33,345)
Discontinued
operations -- -- (7,156) 24,532 (25,028)
Extraordinary gain
(loss) from
redemption of
debentures 14 (101) 371 (87) 22,190
Cumulative effect
of change in
accounting
principle -- -- -- -- (1,504)
Net income (loss) $19,198 $12,594 $(5,748) $52,310 $ (37,687)
Diluted income
(loss) per
common share:
Income (loss)
from continuing
operations $.10 $.07 $.01 $.14 $(.20)
Discontinued
operations -- -- (.04) .13 (.15)
Extraordinary
gain (loss) .00 (.00) .00 (.00) .13
Cumulative effect
of change in
accounting
principle -- -- -- -- (.01)
$.10 $.07 $(.03) $.27 $(.23)
Common shares used
in computing per
share amounts:
Diluted 198,355 191,624 177,618 192,372 165,156 |
