Key Developments: Western Digital Corp (WDC.O)
62.26USD
23 May 2013
$1.86 (+3.08%)
$60.40
$59.85
$62.62
$59.85
3,224,442
2,859,134
$62.62
$28.31
Latest Key Developments (Source: Significant Developments)
Western Digital Corp Issues Q4 2013 Guidance In Line With Analysts' Estimates-Conference Call
Western Digital Corp announced that for fourth quarter of 2013, it expects revenue to be in the range of $3.55-$3.65 billion and non-GAAP earnings per share (EPS) to be $1.65-$1.80. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.6 billion and EPS of $1.75 for fourth quarter of 2013. Full Article
Western Digital Corp Declares Dividend For March Quarter
Western Digital Corp announced that the Board of Directors declared a cash dividend for the quarter ending March 29, 2013, of $0.25 per share of common stock. The cash dividend will be paid on April 15, 2013, to the Company's stockholders of record as of March 29, 2013. Full Article
Western Digital Corp Issues Q3 2013 Guidance In Line With Analysts' Estimates-Conference Call
Western Digital Corp announced that for third quarter of 2013, it expects revenue to be in the range of $3.55-$3.65 billion and non-GAAP earnings per share (EPS) of between $1.65-$1.80. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.6 billion and EPS of $1.79 for third quarter of 2013. Full Article
Western Digital Corp Declares Cash Dividend
Western Digital Corp announced that the Board of Directors declared a cash dividend for the quarter ending December 28, 2012, of $0.25 per share of common stock (the cash dividend). The cash dividend will be paid on December 26, 2012, to the company's stockholders of record as of December 14, 2012. Full Article
Western Digital Corp Declares Quarterly Dividend; Additional $1.5 Billion Share Repurchase Authorized
Western Digital Corp announced that the Board of Director has declared a dividend of $0.25 per common share, payable on October 15, 2012, to the Company's shareholders of record as of September 28, 2012. The Company also announced Board of Directors an increased authorization of $1.5 billion under its share repurchase program. The additional repurchase authorization is effective immediately. Full Article
Western Digital Corp Announces Senior Management Changes
Western Digital Corp announced that Steve Milligan will become Chief Executive Officer (CEO) of the Company on January 2, 2013, succeeding John Coyne, who is retiring on that same date. Following Coyne's retirement, Milligan will be appointed to the Western Digital board of directors. Full Article
Western Digital Corporation Issues Q1 2013 Guidance Below Analysts' Estimates; Issues FY 2013 EPS Guidance Above Analysts' Estimates-Conference Call
Western Digital Corporation announced that for first quarter of 2013, it expects revenue to be in the range of $4.2-4.3 billion and non-GAAP earnings per share (EPS) to be in the range of $2.45-$2.55. For fiscal 2013 it expects non-GAAP EPS to be $10. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.4 billion and EPS of $2.64 for first quarter of 2013; EPS of $8.50 for fiscal 2013. Full Article
Western Digital Corporation Announces Additional $1.5 Billion Share Repurchase Program
Western Digital Corporation announced that it has increased authorization of $1.5 billion of its common stock under its share repurchase program. The additional repurchase authorization is effective immediately and extends the program by five years, during which time additional shares can be authorized for repurchase. The amount of purchases will depend on market conditions and corporate considerations. Share repurchases will be made on the open market. Full Article
Western Digital Corporation Completes Divestiture Of Assets To Toshiba Corporation; Acquires Toshiba Storage Device (Thailand) Company Limited
Western Digital Corporation announced that it has completed divestiture of certain 3.5-inch hard drive assets to Toshiba Corporation, as required by regulatory agencies that conditionally approved the Company's completed acquisition of Viviti Technologies Ltd. (formerly Hitachi Global Storage Technologies). As part of its deal with Toshiba, WD also completed its purchase of Toshiba Storage Device (Thailand) Company Limited (TSDT), which manufactured hard drives prior to the recent Thailand flooding. The principal assets of TSDT are its Thailand property, facilities and employees, which WD plans to integrate into its Thailand operations. The financial terms of the two agreements were not disclosed. Full Article
Western Digital Corporation Issues Q4 2012 Guidance Above Analysts' Estimates-Conference Call
Western Digital Corporation announced that for the fourth quarter of 2012, it expects revenue to be in the range of $4.2-$4.4 billion and non-GAAP earnings per share (EPS) to be in the range of $2.35-$2.55. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $2.34 on revenues of $4.18 billion for the fourth quarter of 2012. Full Article
UPDATE 3-Roof collapse at Cambodian shoe plant kills three - minister
PHNOM PENH, May 16 - Three people were killed when the ceiling of a warehouse fell in at a shoe factory in Cambodia, a government minister said on Thursday, adding to concern about safety standards at Asian factories producing clothes cheaply for Western consumers.
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