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Article: Lake Forest, Calif., Hard-Drive Maker Performs Well as Industry Revives.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- December 21, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Tamara Chuang, The Orange County Register, Calif. Knight Ridder/Tribune Business News
Dec. 21--LAKE FOREST, Calif.--For the first time in years, employees at Western Digital are getting a holiday bonus.
The company's stock price is more than double September's 52-week low of $1.95. Last week, the stock closed as high as $6.24, though it ended Thursday at $5.52.
And for the first time in three years, the company expects to be profitable in the current quarter.
Streamlining operations has helped, said Richard Tarlos, a portfolio manager at The Keller Group in Irvine. Tarlos credits that to Matthew Massengill, the company's chief ...