As a full disclosure, subscribers to The Arora Report have a short position in WDC.
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Western Digital (WDC) and Seagate (STX) had big days yesterday, with WDC at highs of the year.
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Reduced sales could adversely affect "all of Africa", the World Diamond Council (WDC) told Reuters news agency.
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Other companies, such as Western Digital (NASDAQ: WDC), have faced similar challenges.
Also reporting after the close Wednesday, among others, are Amgen (NASDAQ:AMGN), F5 Networks (NASDAQ:FFIV), Netflix (NASDAQ:NFLX), Sandisk (NASDAQ:SNDK), and Western Digital (NYSE:WDC).
Besides Romick, other Gurus who hold the stock include Charles Brandes, Robert Rodriguez and John Hussman ( WDC: Guru Trades).
We believe these concerns are short sighted and that the earning power of Western Digital ( WDC) has been greatly enhanced by its merger with Hitachi Global Storage.
For example, Schulte was CFO for two high tech companies and served as Director of Finance for Western Digital (WDC) and WebEx before Cisco (CSCO) bought it.
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The analysts writes in a research note that he actually prefers WDC over STX, give a better track record on execution, cost advantages and opportunities in the enterprise market.
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Also on the earnings front today, Texas Instruments (TXN), VMWare ( VMW), and Western Digital (WDC) are slated to release their quarterly reports after the close of trading.
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Western Digital (WDC) shares are up sharply this morning following a pair of upbeat analyst reports, and some upbeat news on March quarter demand from Seagate (STX).
Seagate (STX) and Western Digital (WDC) shares are trading higher this morning after Citigroup analyst Joe Yoo picked up coverage of the hard-disk drive makers with Buy ratings on both.
FORBES: Disk Drives: Time To Buy Seagate and Western Digital, Citi Says
Although Intel did not detail where the disk drive shortages are originating from, disk driver makers like Western Digital (WDC) and Seagate (STX) have discussed various levels of supply shortages in recent weeks due to flooding in Thailand.
Seagate, Western Digital (nyse: WDC - news - people ), Samsung (other-otc: SSNLF - news - people ) and Hitachi (nyse: HIT - news - people ) dominate the business.
Western Digital Corp. (WDC) : A lot of investors are sour on this California-based firm, a longtime leader in the hard drive and digital storage business, because of the shift away from hard drives toward solid-state and flash drives.
Among the largest underlying components of FXL, in trading today Western Digital Corp. ( NASD: WDC) is off about 1.9%, Avnet Inc ( NYSE: AVT) is down about 2.1%, and Arrow Electronics, Inc. ( NYSE: ARW) is lower by about 2.2%.
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Among the largest underlying components of PWC, in trading today Western Digital Corp. ( NASD: WDC) is up about 0.3%, Computer Sciences Corp. ( NYSE: CSC) is up about 0.1%, and Seagate Technology Plc ( NASD: STX) is higher by about 0.5%.
Among the largest underlying components of FEX, in trading today Advanced Micro Devices, Inc. ( NYSE: AMD) is down about 1.1%, Western Digital Corp. ( NYSE: WDC) is up about 1.2%, and Marathon Petroleum Corp. ( NYSE: MPC) is higher by about 0.8%.
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