Looks like there's no relief in sight for the disk drive industry, as Western Digital posts a larger-than-expected loss. The earnings report comes on the heels of last week's ouster of Seagate CEO Al Shugart, and in the midst of a continued slump for the storage sector.
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Western Digital posts loss
The firm reports a larger-than-expected fourth-quarter loss due to industry-wide oversupply of storage devices and falling prices of desktop computers.
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Discuss: Hard times for storage sector
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