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Western Digital Corp (WDC.OQ)

WDC.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Toshiba updates on preliminary injunctive relief brought by Western Digital
Monday, 17 Jul 2017 09:07pm EDT 

July 17 (Reuters) - Toshiba Corp <6502.T>:Toshiba updates on preliminary injunctive relief brought by Western Digital.At July 14 hearing, superior court of California did not rule on Western Digital's injunction request.Says agreed not to close deal before July 28 hearing.Toshiba - court suggested cos work on agreement on court's proposal for Toshiba providing with two weeks' advance notice on closing memory business sales.Says Toshiba's current target is to close deal by end of March 2018.  Full Article

Toshiba secures 680 bln yen in credit - Nikkei
Thursday, 6 Jul 2017 06:23pm EDT 

July 7 (Reuters) - Nikkei- :Toshiba used shares in its spun-off flash memory unit to secure 680 billion yen in credit lines from major banks - Nikkei.  Full Article

Toshiba and Toshiba Memory files lawsuit against Western Digital
Wednesday, 28 Jun 2017 05:45am EDT 

June 28(Reuters) - Toshiba Corp <6502.T>:Says Toshiba and Toshiba Memory Corp (TMC) filed a lawsuit against Western Digital Corp <<>> , a U.S. company, and its subsidiary Western Digital Technologies, Inc., under the reason of violation of Unfair Competition Prevention Law, and claiming compensation of 120 billion yen.  Full Article

Western Digital sees Q4 non-GAAP earnings per share of $2.85
Monday, 26 Jun 2017 04:05pm EDT 

June 26 (Reuters) - Western Digital Corp ::Western Digital updates fourth fiscal quarter outlook and reiterates guide for calendar year 2017.Sees Q4 non-GAAP earnings per share $2.85.Sees FY 2017 non-GAAP earnings per share about $12.00.Sees Q4 revenue about $4.8 billion.Says its Q4 non-GAAP guidance excludes items estimated to be about $1.37 in EPS.Reiterated its non-GAAP earnings forecast of approximately $12 per share for calendar year 2017.Sees Q4 non-GAAP gross margin of approximately 41%.Q4 earnings per share view $2.65, revenue view $4.81 billion -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $8.91 -- Thomson Reuters I/B/E/S.  Full Article

Western Digital sees Q4 earnings per share $1.37
Monday, 26 Jun 2017 04:05pm EDT 

June 26 (Reuters) - Western Digital Corp -:Western Digital updates fourth fiscal quarter outlook and reiterates guide for calendar year 2017.Sees Q4 non-gaap earnings per share $2.85.Sees FY 2017 non-gaap earnings per share about $12.00.Sees Q4 revenue about $4.8 billion.Sees Q4 earnings per share $1.37.Reiterated its non-gaap earnings forecast of approximately $12 per share for calendar year 2017.Sees Q4 non-gaap gross margin of approximately 41%.Q4 earnings per share view $2.65, revenue view $4.81 billion -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $8.91 -- Thomson Reuters I/B/E/S.  Full Article

Pendrell Corp says unit and Western Digital Corp signed agreements
Friday, 16 Jun 2017 06:05am EDT 

June 16 (Reuters) - Pendrell Corp ::Memory Technologies, LLC, a unit of co, and Western Digital Corporation have entered into a settlement and patent license agreement.Agreement resolves pending litigation between parties and grants Western Digital license to patents relating to memory, storage technologies.Pendrell corp says specific terms of agreement were not disclosed - SEC filing.  Full Article

Western Digital has offered to acquire less than 20% of Toshiba's memory chip arm - Nikkei
Monday, 5 Jun 2017 12:49pm EDT 

June 5 (Reuters) - Nikkei::Western Digital has offered to acquire less than 20 percent of Japanese partner Toshiba's memory chip arm - Nikkei.Western Digital will scrap plans to eventually turn Toshiba's memory chip unit into a subsidiary - Nikkei.  Full Article

Western Digital responds to Toshiba statement related to NAND flash-memory JVs
Friday, 2 Jun 2017 02:04pm EDT 

June 2 (Reuters) - Western Digital Corp ::Western Digital responds to Toshiba statement related to NAND flash-memory joint ventures.Western Digital to continue with arbitration process.Issued response to Toshiba's statement that it will transfer back 3 NAND flash-memory JVs operated with co from Toshiba Memory Corp.Says "Toshiba's new action does not resolve SanDisk's claims in pending arbitration".Does not believe that Toshiba has "cured its breach" of JV agreements.Continues to believe any actions by Toshiba to transfer JV interests to third party without SanDisk's consent "violates "anti-transfer provisions of JV agreements.‍"Firmly believe that Western Digital is best positioned to assist Toshiba in addressing its challenges"​.  Full Article

Innovation Network Corp. Of Japan will enter negotiations with Western Digital on partnering to buy Toshiba's memory unit - Nikkei‍​
Monday, 29 May 2017 05:52pm EDT 

May 30 (Reuters) - Nikkei:Innovation Network Corp. of Japan will enter into negotiations with Western Digital on partnering to purchase Toshiba's memory unit - Nikkei‍​.  Full Article

Western digital sets quarterly cash dividend of $0.50 per share
Wednesday, 3 May 2017 07:02pm EDT 

May 3 (Reuters) - Western Digital Corp :Sets quarterly cash dividend of $0.50 per share.  Full Article

Deals of the day-Mergers and acquisitions

July 25 The following bids, mergers, acquisitions and disposals were reported by 2020 GMT on Tuesday: