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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: marc chatman who wrote (8246)	11/7/1997 8:49:00 AM
From: Richard Haugland	Read Replies (3) \| Respond to of 13456

Terrible news again on WDC and what a day to release it. Still have 1k of WDC. Seems like leaks again or speculation in the last few days on WDC. There was a statement: Western Digital Corporation NYSE:WDC) today announced that 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. Also: Additionally, the company is considering taking potential non-recurring charges in the range of $15 million to $30 million. The actions being contemplated are associated with the company's phase-out of thin-film head products in favor of hard drives featuring newer magneto-resistive heads. I wonder if that means that they are paying more for these from APM than they feel they can absorb? Have you seen employment figure yet?