Breaking News

SAMA introduces L70 AIO Liquid Cooler Crucial Unleashes Its Most Powerful Gaming Memory Yet: DDR5 Pro OC 6400 CL32 RICOH announces GR IV Monochrome and GR IV HDF High-end Compact Digital Cameras CORSAIR Launches the Revolutionary AIR 5400 Triple-Chamber Mid Tower to Redefine Performance ASUS TUF Gaming Unveils Call of Duty Black Ops 7 Edition AMD Radeon RX 9070 XT

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Hard Drive Makers Running Out Of Drive

Hard Drive Makers Running Out Of Drive

12x CD-RW Jul 30,2004 0

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.

Tags: MaxtorSeagateWestern Digital
Previous Post
DVDInfoPro goes freeware, new powerful v3.07 released
Next Post
Microsoft patches three critical browser flaws

Related Posts

  • Introducing The Seagate Ultra-Compact SSD

  • Seagate Introduces Hard Drive Capacities of Up to 36TB

  • Seagate Announces Game Drive External SSD for PS4 and PS5 Console

  • ASUSTOR adds Seagate IronWolf Pro 24 TB high-capacity NAS dedicated hard drive compatibility

  • Seagate Introduces Class-Leading 24TB IronWolf Pro Hard Drives

  • Seagate SkyHawk AI 24TB Elevates Edge Security Capacity and Performance

  • Seagate’s Nytro 4350 NVMe SSD Delivers Consistent Application Performance and High QoS to Data Centres

  • Western Digital Begins Volume Shipments of 24TB CMR HDDs

Latest News

SAMA introduces L70 AIO Liquid Cooler
Cooling Systems

SAMA introduces L70 AIO Liquid Cooler

Crucial Unleashes Its Most Powerful Gaming Memory Yet: DDR5 Pro OC 6400 CL32
PC components

Crucial Unleashes Its Most Powerful Gaming Memory Yet: DDR5 Pro OC 6400 CL32

RICOH announces GR IV Monochrome and GR IV HDF High-end Compact Digital Cameras
Cameras

RICOH announces GR IV Monochrome and GR IV HDF High-end Compact Digital Cameras

CORSAIR Launches the Revolutionary AIR 5400 Triple-Chamber Mid Tower to Redefine Performance
Cooling Systems

CORSAIR Launches the Revolutionary AIR 5400 Triple-Chamber Mid Tower to Redefine Performance

ASUS TUF Gaming Unveils Call of Duty Black Ops 7 Edition AMD Radeon RX 9070 XT
GPUs

ASUS TUF Gaming Unveils Call of Duty Black Ops 7 Edition AMD Radeon RX 9070 XT

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Pure Base 501

be quiet! Pure Base 501

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed