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WDC » Topics » Rapidly changing conditions in the hard drive industry make it difficult to predict actual results.

These excerpts taken from the WDC 10-K filed Aug 20, 2008.
Rapidly changing conditions in the hard drive industry make it difficult to predict actual results.
 
We have made and continue to make a number of estimates and assumptions relating to our consolidated financial reporting. The highly technical nature of our products and the rapidly changing market conditions with which we deal means that actual results may differ significantly from our estimates and assumptions. These changes have impacted our financial results in the past and may continue to do so in the future. Key estimates and assumptions for us include:
 
  •  price protection adjustments and other sales promotions and allowances on products sold to retailers, resellers and distributors;
 
  •  inventory adjustments for write-down of inventories to lower of cost or market value (net realizable value);
 
  •  reserves for doubtful accounts;
 
  •  accruals for product returns;
 
  •  accruals for warranty costs related to product defects;
 
  •  accruals for litigation and other contingencies; and
 
  •  liabilities for unrecognized tax benefits.


28

Table of Contents

 
Rapidly
changing conditions in the hard drive industry make it difficult
to predict actual results.


 



We have made and continue to make a number of estimates and
assumptions relating to our consolidated financial reporting.
The highly technical nature of our products and the rapidly
changing market conditions with which we deal means that actual
results may differ significantly from our estimates and
assumptions. These changes have impacted our financial results
in the past and may continue to do so in the future. Key
estimates and assumptions for us include:


 












































































  • 
price protection adjustments and other sales promotions and
allowances on products sold to retailers, resellers and
distributors;
 
  • 
inventory adjustments for write-down of inventories to lower of
cost or market value (net realizable value);
 
  • 
reserves for doubtful accounts;
 
  • 
accruals for product returns;
 
  • 
accruals for warranty costs related to product defects;
 
  • 
accruals for litigation and other contingencies; and
 
  • 
liabilities for unrecognized tax benefits.





28




Table of Contents





 




This excerpt taken from the WDC 10-K filed Aug 28, 2007.
Rapidly changing conditions in the hard drive industry make it difficult to predict actual results.
 
We have made and continue to make a number of estimates and assumptions relating to our consolidated financial reporting. The highly technical nature of our products and the rapidly changing market conditions with which we deal means that actual results may differ significantly from our estimates and assumptions. These changes have impacted our financial results in the past and may continue to do so in the future. Key estimates and assumptions for us include:
 
  •  accruals for warranty costs related to product defects;
 
  •  price protection adjustments and other sales promotions and allowances on products sold to retailers, resellers and distributors;


28

Table of Contents

 
  •  inventory adjustments for write-down of inventories to lower of cost or market value (net realizable value);
 
  •  reserves for doubtful accounts;
 
  •  accruals for product returns;
 
  •  accruals for litigation and other contingencies; and
 
  •  reserves for deferred tax assets.
 
This excerpt taken from the WDC 10-K filed Nov 20, 2006.
Rapidly changing conditions in the hard drive industry make it difficult to predict actual results.
 
We have made and continue to make a number of estimates and assumptions relating to our consolidated financial reporting. The highly technical nature of our products and the rapidly changing market conditions with which we deal means that actual results may differ significantly from our estimates and assumptions. These changes have impacted our financial results in the past and may continue to do so in the future. Key estimates and assumptions for us include:
 
  •  accruals for warranty costs related to product defects;


25

Table of Contents

 
  •  price protection adjustments and other sales promotions and allowances on products sold to retailers, resellers and distributors;
 
  •  inventory adjustments for write-down of inventories to lower of cost or market value (net realizable value);
 
  •  reserves for doubtful accounts;
 
  •  accruals for product returns;
 
  •  accruals for litigation and other contingencies; and
 
  •  reserves for deferred tax assets.
 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Aug 20, 2008
10-K
Aug 28, 2007
10-K
Nov 20, 2006

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