Feeds

Read-Rite or Red Wrong?

Losing but improving

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Read-Rite Corp made a fourth quarter loss as expected, but the beleaguered disk-drive manufacturer surprised the markets with a $29.5 million loss, smaller than anticipated. Analysts had forecast the loss at around 68 cents per a share, but the Milpitas, California manufacturer’s loss worked out at 61 cents a share, although revenues plummeted by 45% to $175.9 million from $318.2 million last time. For the year, Read-Rite saw last year’s $76.2 million profit fall to a $319.7 million loss, and revenues dropped 30% to $808.6 million, down from $1.16 billion. Read-Rite has rationalised and restructured throughout the year, and the company said conditions remain extremely challenging and that all manufacturers are suffering from a huge over-supply and deep price erosion. During the last quarter, Read-Rite has ramped up and shipped in volume MR heads to Maxtor, Samsung, Seagate and Western Digital for their 3.2Gb to 3.4Gb disk drive desktop programmes. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
NATO declares WAR on Google Glass, mounts attack alongside MPAA
Yes, the National Association of Theater Owners is quite upset
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Managing SSL certificates with ease
The lack of operational efficiencies and compliance pitfalls associated with poor SSL certificate management, and how the right SSL certificate management tool can help.