Western Digital (WDC) PT Raised to $80 at Jefferies

Go back to Western Digital (WDC) PT Raised to $80 at Jefferies

Western Digital Updates Expectations for Second Fiscal Quarter

December 6, 2016 4:40 PM EST

IRVINE, 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 EST

IRVINE, 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

Western Digital to Provide Strategic Update at 2016 Investor Day

December 6, 2016 8:00 AM EST

Company Will Underscore Strength of Differentiated Platform and Business Model; Demonstrate Products and Technologies to Address Continued Data Growth

IRVINE, Calif.--(BUSINESS WIRE)-- Western Digital Corp. (NASDAQ: WDC), a world leader in storage technologies and solutions, will hold its Investor Day today, where senior leadership will detail progress of the companys ongoing transformation,... More