Business is slowing a bit in the drive industry.
The Scotts Valley, Calif.-based company said it pulled in $3.1 billion in revenue for its third fiscal quarter, which ran from January through March, and $344 million in net income. Net income per share came to 65 cents.
While the figures for the January-March represents an increase in revenue and net income over last year, retail sales of drives and sales into the notebook market in the past three months came in at less than expected, said CEO Bill Watkins in a prepared statement.
The company, however, also lowered … Read more