Western Digital: We've mostly recovered from Thailand floods

Summary:Western Digital says it can meet customer demand in the current quarter and beyond.

Hard drive maker Western Digital said that it has recovered its operations and supply chain damaged from flooding in Thailand to meet customer demand this quarter and beyond.

The news will be welcome to a PC industry facing higher hard drive costs.

In a statement, Western Digital John Coyne said:

The recovery activities related to both Western Digital operations and those of our supply chain partners impacted by the Thailand floods have reached a point where we now have the capability to adequately meet anticipated customer demand in the current quarter and beyond.

The company reported fiscal third quarter earnings of $483 million, or $1.96 a share, on revenue of $3 billion. Non-GAAP earnings for the third quarter were $2.52 a share. The results included three weeks of the HGST purchase.

Western Digital said that it shipped 44.2 million hard drives in the quarter. Western Digital's pain has mostly been Seagate's gain. Now that Western Digital can meet demand hard drive prices may fall.

Related:

Topics: Hardware, Enterprise Software, Software

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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