Western Digital (WDC) joins Seagate (STX) in signalling a recovery from the Thai floods, saying...

|About: Western Digital Corporation (WDC)|By:, SA News Editor

Western Digital (WDC) joins Seagate (STX) in signalling a recovery from the Thai floods, saying that it has restarted the output of hard disk drives and that it is raising its FQ2 rev outlook to at least $1.8B. That's above Street forecasts and prior guidance. WDC is also upbeat on margins but expects to take a charge of $225M-$275M. (PR)