Thursday, November 27, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
GoPro Camera Drones In The Worls: report
European Parliament Votes To Break Up Google
LG Electronics Streamlines Structure, Names New Presidents of Home and Mobile Segments
Microsoft Accidentally Anounced Acquisition Of Acompli
Microsoft Offers Massive Music Deals For The Holidays
ETRI Develops 10Gbps Internet Speeds Technology
New Asus Strix 7.1 Surround Gaming Headset Released
Twitter Tracks Apps Installed On Your Device, Introduces Offers
Active Discussions
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
 Home > News > General Computing > Hard Dr...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, July 30, 2004
Hard Drive Makers Running Out Of Drive


Banc of America Securities cut the target price on Western Digital to $7 from $9, saying it sees "no reason to be bullish on any of the drive stocks."

Banc of America said the company's fiscal fourth-quarter revenue of $749 million beat its estimate by $50 million but earnings per share of 14 cents met the firm's view. The research firm said that although unit shipments were 7% greater than expected, "aggressive pricing caused gross margin to come in 250 basis points below out forecast."

Banc of America said, "Western Digital has the best-cost structure in the face of industry struggling to find ways to make money. We don't see an end to pricing issues, and therefore believe Western Digital's margins will continue to face pressure."

Banc of America rates Western Digital peers Seagate Technology and Maxtorboth at "neutral" with respective price targets of $12 and $4.70. In fact, in its enterprise hardware coverage, Banc of America's least favorite is Seagate. The firm's top pick is Dell, rated at "buy" with a price target of $40.


Previous
Next
DVDInfoPro goes freeware, new powerful v3.07 released        All News        Microsoft patches three critical browser flaws
Is Real's 'hacking' of iPod legal?     General Computing News      Microsoft patches three critical browser flaws

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
Seagate Shifts Economics of Cloud Computing With New 4TB Kinect HDD
Seagate Reports 1Q 15 Profit
WD Sentinel DX4200 Storage Server Deploys Fast Processor and Integrated Back-up Software
Seagate Announces New Cloud, Storage Services
WD Introduces Cold-Data-Storage HDDs
New WD My Passport Portable Storage Drive Has Wireless Function And SD Card Slot
Seagate Ships First 8 TB Hard Drives
WD Releases Anniversary Edition My Passport Drives
Seagate Launches Channel On Roku
Western Digital Introduces 6 TB NAS Hard Drive, Seagate Starts Sampling 8GB Models
Seagate Delivers New Network Storage Portfolio
HGST Ships 1.8 TB 10K Hard Disk Drive

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .