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Analysts Downgrade Western Digital after Buyout of Bankrupt Read-Rite.

By Tamara Chuang, The Orange County Register, Calif. Knight Ridder/Tribune Business News

Jul. 26--LAKE FOREST, Calif.--Western Digital Corp.'s stock plunged 15 percent Friday as investors worried about the company's $95.4 million ac...uisition of a bankrupt supplier.

Three analysts downgraded the computer hard-drive maker's stock Friday based on the uncertainty of how Western Digital will integrate the assets of Read-Rite Corp., which makes tiny heads that read data on hard drives.

It closed Friday at $9.94, down $1.76 for the day.

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