14 DAY TRIAL // During its quarterly fiscal results conference on Thursday, Western Digital reportedly admitted that it managed to significantly restore production capacities after the October 2011 flooding in Thailand.
"I am pleased to announce today that the recovery activities related to both WD operations and those of our supply chain partners impacted by the Thailand floods have reached a point where we now have the capability to adequately meet anticipated customer demand in the current quarter and beyond," said John Coyne, the CEO of Western Digital.
As customers are getting more and more frustrated with the artificial crisis in the hard drive market, WD is allegedly just 11% behind the usual level of shipments although that would be really tough to calculate.
This is because in this last quarter, WD is also counting the HDD shipments from the Hitachi HDD unit that it only bought in March last year. The increase of shipments is 55%, if we count in Hitachi made drives.
Even so, WD couldn’t possibly be 11% behind its normal level of shipments, as the 300% price increase that the HDD market has experienced lately has tempered the HDD demand so profoundly that with a 89% production level, WD would be overstocking right now.
It’s hard to decipher WD’s mandatory financial statements, when it’s clear that both it and Seagate are working hard to cover up their tracks.
We believe it won’t be long now until an official agency starts an investigation regarding the so-called HDD crisis.