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WD Thailand Operations Suspended due to Floods

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WD Thailand Operations Suspended due to Floods

Postby stix on Mon Oct 17, 2011 2:54 pm

quoted from WD press release:

WD PROVIDES UPDATE ON EFFECT OF THAILAND FLOODS:PRIMARY MANUFACTURING SITE FLOODED, SECOND SITE AT RISK;SIGNIFICANT IMPACT ON DECEMBER QUARTER

IRVINE, Calif.-Oct. 17, 2011-Western Digital Corp. (NYSE: WDC) today announced that it has extended the suspension of its operations in Thailand. Over the weekend, rising water penetrated the Bang Pa-in Industrial Park flood defenses, inundating the company's manufacturing facilities there and submerging some equipment. At the other company manufacturing location in Thailand, Navanakorn Industrial Park, the park flood defenses were breached on Monday morning local time and water has begun to flow into the park threatening the company's facilities there. All WD employees in Thailand remain safe.

The company's other facilities in Malaysia, Singapore and the U.S. are fully operational. The company now expects that the flooding of its Thailand facilities, combined with flood damage to the company's supply chain in Thailand, will have significant impact on the company's overall operations and its ability to meet customer demand for its products in the December quarter. The company will provide further updates on the situation on its investment community conference call on Wednesday, October 19, 2011.


October 12, 2011 report:
http://www.wdc.com/en/company/pressroom/releases.aspx?release=24eed48e-7850-4ce2-a489-f361bb249150

October 17, 2011 report:
http://www.wdc.com/en/company/pressroom/releases.aspx?release=b5940d11-d8c2-49ed-9193-d1efb4bea2ed
stix
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Re: WD Thailand Operations Suspended due to Floods

Postby Ian on Mon Oct 17, 2011 3:28 pm

Great.. this probably means that there will be a HDD shortage and that prices will be going up.
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Re: WD Thailand Operations Suspended due to Floods

Postby stix on Wed Oct 19, 2011 5:55 pm

Ian wrote:Great.. this probably means that there will be a HDD shortage and that prices will be going up.


Seems to be what they are saying. Latest update:

http://www.google.com/hostednews/ap/article/ALeqM5jKoxHzXaeMv8J6GF86G17gMWy3QQ?docId=87b7a5218f6a481c95c7f43a605d1d3c
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