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Technology Stocks : LSI Corporation
LSI 11.140.0%May 6 8:10 PM ESTNews

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To: Archie Meeties who wrote (25798)1/24/2008 10:49:54 AM
From: Archie Meeties of 25814
 
WDC Guides up.

WDC 26.35, +1.41, +5.7%) shares rose $1.65, or almost 7%, to $26.53 Thursday following the hard-disk drive maker's strong second-quarter earnings report. Late Wednesday, Western Digital reported a profit of $305 million, or $1.35 cents a share, on $2.2 billion in revenue. Analysts surveyed by Thomson Financial had forecast Western Digital to earn $1.04 a share on sales of $2.06 billion. Western Digital also gave a fiscal third-quarter forecast above analysts' consensus estimates, and said that it expects to earn between 85 cents and 91 cents a share on revenue in a range of $1.925 billion to $2 billion.
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