Western Digital sees sales “tracking ahead” of expectations
Western Digital, the disk drive maker based in Southern California, said that demand in its current quarter is “tracking ahead of the expectations which (Western Digital) outlined in its last earnings call on April 23.” At that time, management projected sales in a range between $1.45 billion and $1.6 billion and earnings ranging from 16 to 26 cents per share.
The news was contained in a filing with the Securities and Exchange Commission ahead of meetings the company is expecting to have this week and next with investors and analysts.
The company also said that price declines have been “at the lower end of the anticipated range for desktop and notebook products and within the expected range for branded, consumer electronics and enterprise products.”
In other news, Standard & Poor’s announced yesterday that shares of Western Digital (ticker: WDC) would replace Embarq on its S&P500 index as soon as that company’s acuqisition by CenturyTel.
