Big small disk drive maker Conner Peripherals Inc, San Jose warns that continuted weakness in demand and price declines for its disk drives, and a shortfall in orders from its European distributor will hurt its first quarter results and that the expected lower sales will cause earnings per share to fall below analysts’ expectations: it says it is evaluating restructuring alternatives to reduce costs and that any restructuring action could result in additional charges to the quarter; chief executive Finis Conner said the disk drive market is affected by price competition and excess capacity in the industry, which has caused customers to defer buys and reduce their lead times.
