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

To: Frodo Baxter who wrote (7881)	11/27/1997 9:57:00 PM
From: AlienTech	Respond to of 11057

>>Show me a 7 gigger for 250. I'll buy it right away.<< ops I ment 350.. itchy fingers..

To: Frodo Baxter who wrote (7881)	11/28/1997 7:03:00 AM
From: Rich Goldsmith	Respond to of 11057

Lawrence, Try Staples, but the price quoted was $270 with rebate. This may be a misprint, the CompUSA flyer had the 7G Maxtor for $350 and the 8.4G for $430. CPU did have ads for WD, a 6.4G for $350 plus 16M of memory for $50 with a $50 rebate, so it's free for a small float and a stamp. The Staples prices are for NYC and Westchester County, the CPU prices are nationwide. Flyers from local newspaper, Standard-Star, 27Nov97. Regards, Rich

To: Frodo Baxter who wrote (7881)	11/28/1997 11:33:00 AM
From: T Bowl	Respond to of 11057

This is an interesting site to find a cheap drive... 204.57.71.3@ctd+26+AND+@contents+EIDE+AND+@contents+7.0GB&catd=26&cn=Hard+Drive&cr=Hard+Drive+EIDE++7.0GB&n=0

To: Frodo Baxter who wrote (7881)	12/2/1997 9:28:00 AM
From: Kurthend	Read Replies (1) \| Respond to of 11057

Just picked this up on the newswire: Tuesday December 2, 7:35 am Eastern Time Company Press Release SOURCE: Western Digital Western Digital Announces Actions to Address Industry's Sustained Oversupply and Aggressive Pricing Conditions Sharpens Focus on Desktop, Enterprise Storage; Second Quarter, Full-Year Forecasted Operating Results Impacted IRVINE, Calif., Dec. 2 /PRNewswire/ -- Western Digital Corporation (NYSE: WDC - news) today announced a series of actions designed to lessen its exposure to sustained oversupply and higher-than-normal competitive pricing pressures in the hard drive industry's distribution channel and to sharpen the Company's focus and resources on its desktop and enterprise storage businesses. The Company will: further reduce production of desktop hard drives from previously announced levels; further accelerate its transition to desktop and enterprise hard drives featuring magneto-resistive head technology; exit the 3-inch portable hard drive business and re-deploy resources into its leadership desktop storage business and the expanding opportunity in its enterprise storage business; and plan to take one-time charges in the second quarter totaling in the range of $85-$95 million. The Company had previously announced plans for a one-time charge of between $15 to $30 million associated with its accelerated transition from production of drives with thin film heads. This charge has increased to $85-$95 million, primarily due to a further reduction of unit volumes of desktop hard drives with TFI heads and from the Company's decision to exit the 3-inch portable hard drive business. Impact on Operating Results As a result of the continued pricing pressures and the reduction in unit volumes of desktop drives, the Company indicated that its currently-forecasted operating results (before the planned one-time charges) would be break-even for the second fiscal quarter ending December 27, 1997 and modestly profitable for its full fiscal year. Western Digital indicated that the yields, production ramp, and customer acceptance of its new desktop and enterprise hard drives featuring MR heads were progressing extremely well. Based on the Company's revised build plans, its production of hard drives with MR heads will exceed 75% of total drives shipped as the Company exits the June, 1998 quarter. Chuck Haggerty, chairman, president and chief executive officer of Western Digital, stated: ''The conditions leading to our current financial performance have been painful in the near term. We are taking the lead in further reducing production volumes in response to oversupply in the distribution channel and extremely aggressive pricing, principally by Japanese and Korean competitors. We intend to maintain our position as one of the world's most efficient suppliers of high-quality disk drives to leading PC and Enterprise- class customers. These steps--production cutbacks, accelerated transition to MR head technology and sharpening our focus and resources -- will better enable us to prosper sooner once the current industry cycle runs its course.'' This release contains forward-looking statements based on current management expectations, including statements related to current and anticipated industry supply and pricing trends, the transition from thin film to MR, the planned exit from the 3-inch portable hard drive business, the estimate of the planned one-time charges, and projected operating results. The forward looking statements are based on current management expectations, and actual results may differ materially as a result of several factors, including: pricing trends and other competitive factors, including overall supply in the hard drive industry; success in the accelerated transition to magnetoresistive-head drives; business conditions and growth in the personal and enterprise computing industry; changes in customer order patterns, successful reductions in future costs and expenses, and other factors discussed in our form 10-K for the year ended June 28, 1997, our form 10-Q for the quarter ended September 27, 1997, and our other SEC filings. Western Digital undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of such statements. SOURCE: Western Digital