Friday, April 27, 2012

Western Digital (NYSE: WDC), Seagate (Nasdaq: STX) slip on pricing worries

Western Digital (NYSE: WDC), Seagate (Nasdaq: STX) slip on pricing worriesOrlando, FL 4/27/12 (StreetBeat) -- Shares of Western Digital (NYSE: WDC -11.63%) and Seagate Technology (Nasdaq: STX -8.52%) fell sharply Friday morning as investors reacted to commentary from Western Digital about weaker pricing for hard disk drives in the current quarter.

Shares of Western Digital nearly 15%, while Seagate was down more than 9%. A flooding disaster in Thailand last year had disrupted Western Digital's operations and triggered a shortage in hard disk drives


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