August 26, 1999 |
Komag Inc., the leading maker of disks used in computer disk drives, said it will cut almost half of its remaining U.S. work force and will shift manufacturing to Malaysia to reduce costs. Komag will close two plants in San Jose, where the company is based, and cut its U.S. work force to 570 from 1,050. Komag will take a significant charge in its fiscal third quarter ending Oct. 3. Last month, Komag said it would slash 500 U.S.
July 21, 1999 |
Charles A. Haggerty, who guided one of the world's largest computer disk drive manufacturers, Western Digital Corp., through periods of explosive growth followed by a devastating slump, said Tuesday that he will retire by next June. The Irvine company said it has launched a search for a successor and simultaneously announced a management restructuring to streamline decision making and make Western more customer-oriented.
October 26, 1998 |
Irvine-based Western Digital Corp., coming off its worst quarterly earnings report ever, will unveil its latest hard drive for personal computers today as it gains ground on rivals in the race to be first to market. The newest in the Caviar line holds 13 gigabytes of data and is the fourth drive Western Digital has produced using magnetoresistive technology, which allows for higher capacities with fewer components.
September 9, 1998 |
International Business Machines Corp. will unveil the world's smallest and lightest disk drive Wednesday--a potential boon to the digital camera market and other consumer electronics devices with increasing demands for data storage.
June 10, 1998 |
Reeling from plummeting prices and lower sales, Western Digital Corp. warned Tuesday that its fiscal fourth-quarter earnings will fall far below Wall Street expectations, forcing the Irvine disk drive maker to make more staff cuts. If the losses materialize as expected, the company said it also could fall into technical default on one of its bank credit lines. Western Digital said it expects an operating loss of more than $100 million, or in excess of $1.13 a share.
January 24, 1998 |
A state appellate court on Friday reinstated a major Los Angeles law firm that had been disqualified last year from defending Western Digital Corp. in a $186-million lawsuit. A three-judge panel of the state Court of Appeal found that Irell & Manella had not committed any ethical transgressions to warrant its dismissal from a case it had worked on for more than five years. "We're very happy to be back," said Irell partner Andra B. Greene.