Tech Industry

Hard times for storage sector

Looks like there's no relief in sight for the disk drive industry, as Western Digital posts a larger-than-expected loss.

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.

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.

Western hard drive joins 10.1GB crowd
At least seven existing or upcoming families of desktop PCs now offer 10GB storage as a standard feature.

The struggling storage sector
news analysis How tough is it for computer disk-drive makers? So tough that the industry leader has pushed out one of its technology pioneers to let the chief operating officer run the show.

Seagate asks CEO to resign
update In a surprise move, Seagate announces that it is pushing out its chief executive and replacing him with the company's president.