WD reports loss for 2nd quarter of 2007

Western Digital announced a loss of US$21 million on $187.2 million in revenue, compared to a profit of US$40.3 million on US$233.6 million in revenue for the second quarter of 2006.

WD blamed market pressure as well as low sales volumes as part of the reason for its drop in revenue and profit. In addition, Komag (which has been announced as a WD current acquisition) attributed the high cost of ramping up perpendicular magnetic recording (PMR) as contributing to its less than stellar results this quarter.