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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): January 20, 2000
WESTERN DIGITAL CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Delaware 001-08703 95-264-7125
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
8105 Irvine Center Drive
Irvine, California 92618
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (949) 932-5000
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS.
On January 20, 2000, Western Digital Corporation issued a press release
announcing that the net loss before special charges and extraordinary gain for
its quarter ended December 31, 1999 is expected to be in the range of $67 to 70
million dollars and the related loss per share is expected to be in the range of
$.55 to .58 on a share count of 121.1 million
Attached hereto as Exhibit 99.1, is a copy of the January 20, 2000,
press release, which is incorporated herein by this reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
Exhibit Description
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99.1 Press Release dated January 20, 2000, regarding Western Digital
Corporation's announcement that the net loss before special charges and
extraordinary gain for its quarter ended December 31, 1999 is expected
to be in the range of $67 to 70 million dollars and the related loss
per share is expected to be in the range of $.55 to .58 on a share
count of 121.1 million
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Date: January 21, 2000
WESTERN DIGITAL CORPORATION
By: /s/ MICHAEL A. CORNELIUS
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Michael A. Cornelius
Vice President, Law and
Administration and Secretary
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EXHIBIT 99.1
For Immediate Release
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WESTERN DIGITAL ANNOUNCES EXPECTED RANGE FOR Q2
IRVINE, CA.-- January 20, 2000 -- Western Digital Corporation (NYSE: WDC) today
announced that the net loss before special charges and extraordinary gain for
its quarter ended December 31, 1999 is expected to be in the range of $67 to $70
million. The related loss per share is expected to be in the range of $.55 to
$.58 on a share count of 121.1 million. The Company had previously announced
that its December quarter operating loss would be significantly lower than Wall
Street analysts' consensus of about $100 million before special charges.
This release contains forward-looking statements relating to the Company's
expected results for its quarter ended December 31, 1999. The forward-looking
statements are based on current management expectations, and actual results may
differ materially as a result of several factors, including final accounting for
the Company's operations during the quarter and other factors discussed in the
Company's recent SEC filings. The Company undertakes no obligation to update
forward-looking statements to reflect events or circumstances occurring after
the date of such statements.
Contact:
Bob Blair
Western Digital Corporation
949-932-7834
[email protected]
