Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Western Digital and Seagate Technology announced their expectations for the current quarter ending September 30. Both companies lowered their estimations on sales and shipments due to lack of demand in global market. Western Digital and Seagate are the suppliers of hard disc drives to PC makers and also sell the storage products as standalone sells. […]
Western Digital lowered its forecast for the first fiscal quarter ending September 30. The guidance report on the quarter inflicted the stock that was 3 percent down at the end of the week Friday. The company has lowered its forecast on sales from $4.2-$4.3 Billion to $3.9-$4 Billion due to the lack of demand in […]
Seagate Technology and Western Digital, the two major digital storage hard disc drive providers are facing entirely differing situations in the stock market. Seagate, the temporary market leader for a better part of 2012 saw a downward motion in its stock on Thursday while WD was up on the graph. The stock changed colour when […]
Western Digital has won back the top spot in the global ranking of hard disk drive shipments in the second quarter 2012, said a new report from IHS iSuppli. The top position went to Seagate temporarily when WD’s Thailand plant was hit by flooding last year. The monsoon flooding in Thailand destroyed some parts of […]
The Monsoon flooding in Thailand last October took a toll on many businesses if not all of them. The main victims of the catastrophe ranged from automobile makers with the likes of vendors of Toyota and Honda to electronic makers like hard drive manufacturers. More affected by the ordeal US population, being the biggest market […]
Western Digital was widely expected to take a huge hit from the Thailand flooding. Western Digital, which makes disk drives, couldn’t get components out of its suppliers, which were mostly in Thailand. Overall, Western Digital’s fiscal second quarter earnings held up well. CEO John Coyne said: We’ve made substantial progress in our mission to restore […]
Bottom line: Western Digital held its own and the fallout could have been much worse. Steve Luczo, CEO of Seagate, said his company has weathered the Thailand flooding better than most. Why? First, Seagate’s operations were relatively unscathed. Second, the supply chain is diversified. Luczo said on Seagate’s earnings conference call: “The disaster in Thailand […]
Luczo added that the company isn’t maximizing profits—average selling price per unit was $13 higher, but costs were $2.50 higher. Seagate’s plan is to give suppliers a break on pricing in exchange for longer term contracts. The strategy is paying off in the short and long runs. Seagate blew away its December quarter earnings (non-GAAP […]
Intel Corporation has announced a predicted cut of $1 Billion in revenues due to reduced demand of their semiconductors. Intel is still the biggest suppliers of semiconductors (microprocessors) to most of the PCs and Mac machines in the world. However, the cutback in their products has nothing to do with quality or as some experts […]
Massive floods in Thailand have taken a toll on the technology producing niche in Southeast Asia. The worst of all is the shutdown of Western Digital’s Thailand plant. The company specializes in storage hard drives manufacturing and are a major vendor for computer corporations like AsusTek, Apple and Dell. WD produces almost half of the […]
