Western Digital: We've mostly recovered from Thailand floods

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.