Western Digital (WDC) PT Raised to $77 at Needham & Company
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Western Digital Updates Expectations for Second Fiscal Quarter
December 6, 2016 4:40 PM ESTIRVINE, Calif.--(BUSINESS WIRE)-- Western Digital Corp. (NASDAQ: WDC) today updated its expectations for the second fiscal quarter of 2017 ending Dec. 30, 2016.
Enabled by continued strong acceptance from customers and favorable mix of its broad product portfolio, solid execution in a favorable market environment, and including the contribution of incremental intellectual property revenue from the new cross license agreement with Samsung Ltd. that was separately announced today, the company expects its second quarter revenue to be approximately $4.75 billion compared to its earlier forecast of approximately flat with first quarter revenue of $4.7... More
Western Digital Corporation Renews Patent Cross-License Agreement with Samsung
December 6, 2016 4:35 PM ESTIRVINE, Calif.--(BUSINESS WIRE)-- Western Digital Corporation (NASDAQ: WDC), a world leader in storage technologies and solutions, today announced that it has signed a definitive royalty-bearing agreement with Samsung Electronics Co., Ltd. to renew the cross-license of the two companies semiconductor patent portfolios. The terms of the renewed agreement are retroactive to the end date of the prior agreement, which expired on August 14, 2016. The renewed agreement will run through December 31, 2024.
The agreement includes rights to each party's patents broadly covering multi-level cell flash memory and flash storage systems. The original... More
