February 19, 1992 |
Western Digital Corp. got some encouraging news last week after a stock analyst issued a favorable report on the ailing computer disk drive industry. The Irvine computer products manufacturer generates two-thirds of its sales from disk drives, which store and retrieve data in a personal computer. Western Digital and other disk drive makers posted heavy losses last year because of industry price wars. But Charles Wolf, an analyst at First Boston Corp.
April 27, 1993
Companies ranked by growth in profit from 1991 to 1992. 1992 Profit % Change Rank Company ($ Millions) 1991-92 1 Wells Fargo & Co. 283.0 1,248 2 Transamerica Corp. 342.9 660 3 Adaptec Inc. 42.0 307 4 Informix Corp. 47.8 292 5 Amgen Inc. 357.6 265 6 Countrywide Credit Indus. 123.0 173 7 Unocal Corp. 196.0 168 8 Oracle Systems Corp. 89.0 165 9 Litton Industries 176.8 158 10 Cisco Systems 122.4 108 11 Clorox Co. 122.0 102 12 Read-Rite Corp. 55.4 101 13 Merisel Inc. 19.7 82 14 Sunamerica 84.
May 28, 1988 |
Western Digital, accused by a Silicon Valley competitor of illegally infringing on key technology patents, on Friday denied any wrongdoing. Quantum Corp. alleged in a lawsuit announced Monday that several Western Digital computer storage products are based on patented Quantum designs. Until Friday, Irvine-based Western Digital had declined to comment on the suit pending a review by the company's attorneys.
April 26, 1994
Companies ranked by absolute change from profit to loss in one year. Change '93 income '92 income in income Rank Company ($ millions) ($ millions) ($ millions) 1 Carter Hawley Hale -95.9 855.4 -951.3 2 Tandem Computers Inc. -510.3 58.6 -568.9 3 Conner Peripherals -445.3 121.1 -566.4 4 Apple Computer Inc. -34.7 525.7 -560.4 5 Maxtor Corp. -272.8 89.0 -361.8 6 H.F. Ahmanson & Co. -138.0 156.4 -294.4 7 Intuit -161.9 5.5 -167.4 8 AST Research Inc. -49.8 57.6 -107.4 9 Quantum Corp. -9.6 84.8 -94.
September 20, 1988
Tandon Corp. is denying accusations made by Quantum Corp. in a lawsuit that disk-drive data storage equipment Tandon once made infringed on Quantum patents. Tandon was sued last week in U.S. District Court in San Jose by Quantum and its Plus Development subsidiary. Tandon, which finished moving its corporate headquarters to Moorpark from Chatsworth on Friday, sold its disk-drive business to Western Digital earlier this year.
January 8, 1998 |
Seagate Technology Inc. said that it will report a substantial operating loss in its second quarter due to severe pricing pressure and weaker than expected disk drive demand. The world's largest disk drive maker had already warned in November that it expected a shortfall for the quarter. It said it expects to report restructuring and other charges of $250 million for the quarter ended Jan. 2.
May 12, 1994
Shares of computer disk drive maker Western Digital Corp. fell Wednesday along with the stocks of other disk driver manufacturers after an analyst predicted new price wars in the industry. Western Digital's stock fell $1.50 a share to $13.125 on the New York Stock Exchange. The prices of Conner Peripherals Inc., Seagate Technology Corp., Quantum Corp. and others also fell after analyst John Rossi of investment bank Robertson Stephens & Co.
October 27, 1996
* Jun Asami has been appointed director of corporate planning at Mitsubishi Motor Sales of America Inc. in Cypress. Asami had been working in the office of international business at Mitsubishi Motor Corp. in Japan for more than 10 years. In his new position, he is responsible for coordinating strategic product planning as well as promotional planning related to marketing, public relations and corporate relations efforts.