Wednesday, December 13, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Corsair Launches 4GHz DDR4 SODIMM 32GB Memory Kit
Google's Year in Search
Google Opening Artificial Intelligence Research Center in China
AT&T is Testing Broadband Internet Over Power Lines
Toyota and Panasonic to Start Study on Automotive Prismatic Battery Business
Shuttle SZ270R9 Mini PC Has a LED Front Panel
Toshiba and Western Digital Reach Settlement, Agree to Strengthen Flash Memory Collaboration
Twitter Makes It Easier For Users to Create Threads
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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
WD Announces New Line of SanDisk 3D iNAND Embedded Flash Devices
Seagate Launches SkyHawk Drive For AI-Enabled Surveillance
Seagate Sees 20TB HAMR Drives Coming in 2019
Western Digital Provides Its Aspect on Latest Developments Related to the Sandisk JV with Toshiba
Seagate Guardian Series Now Includes 12TB Drives for NAS and Desktops
WD is Pushing Data Center Capacity to New Heights with the 14GB Ultrastar Hs14 hard Disk Drive
Western Digital Tries to Block Toshiba's $18 Billion Memory Chip Unit Sale
Western Digital Ships 12TB WD Gold Hard Drives
Western Digital Could Quit Bid for Toshiba Chip Unit, for Better JV Terms
Western Digital Releases 400GB microSD Card
New Western Digital My Cloud Home Makes It Easy To Save All Content In One Place
Western Digital to Acquire Tegile System

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .