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Technology / AI and automation

CONNER PERIPHERALS WARNS OF LOSS

San Jose, California-based Conner Peripherals Inc warns that it expects to report a loss from operations for the second quarter ending June 30, adding that the expected loss reflects ongoing price competition, excess capacity and a transition in product demand to 200Mb and higher capacity drives; a continuation of factors affecting the second quarter, as well as a seasonal slowdown in the summer, could also lead to operating losses in the third quarter, the firm said.

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CBR Staff Writer

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