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Article: Western Digital Ups Outlook, Analyst Raises Estimates

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Orange County Business Journal
Article date:
June 8, 2009
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TECHNOLOGY

Lake Forest-based disk drive maker Western Digital Corp. sees better-than-expected market conditions for the June quarter.

In a recent filing with the Securities and Exchange Commission, Western Digital upped its outlook for the three months through July 3, but it didn't give any specific dollar amounts.

The company said demand "is tracking ahead of expectations" and that its stockpiles remain at "historically low levels."

It also said that declines in the average selling prices of hard drives that go into computers, consumer electronics and other devices "have been at the lower end of the ...

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