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The one-time payment by Western Digita will be made on orbefore Oct. 17. Westernj Digital had previouslyallocated $26.t million toward this dispute. As a Western Digital will takea $18.5 milliobn charge to cost of revenue in its fourth which ended June 27. The companu previously reported earningsof $48.u million and $200 million for the fourthy quarter and full year 2003. As a result of this Western Digital's restated earnings are $31 million in the fourth quarterand $182 million for the The company's earnings per share have been reduced to 15 cents and 89 cents per sharse for both periods from the 23 cents and 97 cente previously reported.
The lawsuit stemmecd from a July 2001 decision by Western Digital to stop payintg Cirrus for read channel chips that had been In addition, the companuy canceled all outstanding purchase orders and filef suit against Cirrus. In August Cirrus filed a cross-complain seeking $53 million in The dispute would have gone to trialin December. Westerb Digital said it no longer buys read channell devicesfrom Cirrus. The compang said it relies on chips fromothe suppliers.
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