While it's expected that Western Digital
Corp. will soon report its eleventh-consecutive
quarterly loss, the Irvine, Ca. maker of disk
drives is likely to report a loss of about 11
cents per share, significantly better than
industry expectations of a 17-cent-per-share
loss. Continuing to face depressed prices for
disk-drive products, Western Digital has closed
plants and exited such product lines as server
drives in an attempt to cut costs and reduce its
losses. Further, the company's newest products
are reported to have state-of-the-art engineering,
which should help Western overcome last fall's
setback when it had to recall 400,000 disk drives
with a faulty chip.

Bankruptcy Data

-- spider (spider0@usa.net), August 01, 2000