Western digital CEO warns of sharp decline in NAND memory business

Western Digital has seen business conditions get “incrementally more difficult” since the disk drive and flash memory company reported financial results in early August, CEO David Goeckeler said at the Goldman Sachs technology conference in San Francisco on Monday.

In reporting June quarter results, Western Digital (ticker: WDC) had projected September quarter revenue of $3.6 billion to $3.8 billion, and non-GAAP profit of 35 to 65 cents a share, which was well below previous expectations at the time. Street consensus estimates now call for $3.7 billion in revenue and adjusted profit of 49 cents.