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"That puts the industry in an allocation environment at least through Q1," Clarke said, according to the transcript. "Last month, we made strategic purchases of inventory, and pulled in supply from our hubs. This drove an increase in our end of quarter DSI (days sales of inventory)."
Eric Kelly, president and CEO of Overland Storage, said during his company's first fiscal 2012 quarter financials that the entire industry is scrambling to secure hard drive supplies.
"The orders that came in through the end of October, we honored those orders," he said. "We increased our prices subsequently after that to take into account the increase in disk drive pricing. We're doing everything we can to ensure that we protect our margins. But until the industry settles down, you manage it the best you can."
Regarding its planned acquisition of Hitachi GST in a deal worth about $4.3 billion, Western Digital has faced opposition from regulatory authorities in Europe concerned about the consolidation going on in the hard drive industry.
In addition to Western Digital's plans to acquire Hitachi GST, rival Seagate is also doing its part to consolidate the industry with its planned acquisition of Samsung's hard drive business.