Sunday, August 02, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Sees Growth Beyond The Desktop With Windows 10
Yahoo Gets Fashionable With Acquisition Of Polyvore
NVIDIA Recalls SHIELD Tablets Due To Battery Issues
Firefox Attacks Microsoft Over Default Browser in Windows 10
Sharp to Exit Americas TV Market
Researchers Showcase Javascript-based Attack On a Computer's DRAM
Hackers Used Twitter hashtags To Extract Data From Compromised Networks
Facebook Unveils New Security Checkup Tool
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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 Launches New Hybrid Cloud Data Protection Solutions
Seagate Demos HAMR Drives
New Seagate Backup Plus Drives Feature 200GB Of OneDrive Cloud Storage
New Samsung HDDs Deliver up To 4TB Of Storage In Thin And Portable Designs
A Look At Upcoming SSD Controllers
WD Upgrades My Passport Drives Series
Seagate Combines Cloud Storage Systems, High Performance Computing and Electronic Solutions Groups
WD's My Passport X Delivers 2 TB of Storage for Xbox One and PC Gamers
Seagate Collaborates With CERN Openlab To Develop Its Breakthrough Kinetic Storage Platform
WD Delivers New 6 TB 3.5-Inch HDD for Datacenters
HGST To Acquire Amplidata
WD Adds New NAS Solutions for Business Users to My Cloud Line

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .