More on Western Digital/Seagate: BofA is downgrading WDC to Neutral, arguing management's...

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

More on Western Digital/Seagate: BofA is downgrading WDC to Neutral, arguing management's comments suggest softer-than-expected demand, which is proof the hard drive industry "can't have it both ways for much longer – pricing/margins at high levels, and expected strong demand." On that count, it doesn't help that solid-state drive prices are diving thanks to competition and cheaper flash memory. Nonetheless, Needham is staying bullish on both WDC and STX.