Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Businessweek Archives

More Hard Times For Hard Disks


In Business This Week

MORE HARD TIMES FOR HARD DISKS

You'd think these guys don't like making money. After riding the personal-computer boom for nearly two years, makers of computer disk drives are at war over prices again. New software that eats up lots of memory has created a glut of drives holding less than 120 million bytes of data, and some players aren't ready with bigger drives yet. Prices fell about 10% in the first quarter, nearly double the usual decline. That drop helped push Conner Peripherals, the No. 2 drive maker, into a $22.5 million loss in the first quarter. Now, Conner plans to cut its staff by 10%. Earnings have also declined at No. 1 Seagate Technology.EDITED BY THANE PETERSON


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus