“Demand is Tracking Ahead of the Expectations,” Said WD

At meetings with investors and analysts, executives of Western Digital Corporation provided an update regarding current company and hard drive industry dynamics:

"Demand for the Company’s fourth fiscal quarter ending on July 3, 2009, is tracking ahead of the expectations which the Company outlined in its last earnings call on April 23, 2009.
                
"At this point in the quarter:
– Company shipping linearity is ahead of plan.
– Industry and Company weeks of inventory remain at historically low levels.
– Price declines have been at the lower end of the anticipated range for desktop and notebook products and within the expected range for branded, consumer electronics and enterprise products.

"Actual industry demand, competitive conditions and Company execution in the month of June will determine the final outcome for the current quarter."