Western Digital Corp. (NYSE: WDC) today announced a series of actions to realign its cost structure with a softer demand environment and revised its revenue outlook for its second fiscal quarter ending December 26, 2008. Demand for hard drives in the December quarter is significantly below the expectations outlined in the company's original revenue guidance range of $2.025 billion to $2.150 billion, issued on October 23. Industry pricing is also significantly more competitive than forecasted. WD now expects revenue for the December quarter to be in the range of $1.7 billion to $1.8 billion, with a consequent reduction in operating jxprinu.
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