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What Trends Can Drive Western Digital To $60?Trefis • Sun, Apr 21
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Trends That Could Drive Western Digital To $60Trefis • Fri, Apr 19
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Another Look At The Low-Cost Building Blocks Of Storage - Part 1Amvona • Mon, Oct 22, 2012
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Western Digital Corp. - Analyst/Investor DayThu, Sep 13, 2012
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Western Digital's CEO Discusses Q1 2012 Results - Earnings Call TranscriptWed, Oct 19, 2011 • 1 Comment
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Western Digital CEO Discusses F1Q2011 Results - Earnings Call TranscriptTue, Oct 19, 2010 • 1 Comment
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Western Digital Corporation F3Q10 Earnings Call TranscriptThu, Apr 22, 2010
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Western Digital F1Q10 (Qtr End 10/2/09) Earnings Call TranscriptThu, Oct 22, 2009
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Western Digital F4Q09 (Qtr End 7/3/09) Earnings Call TranscriptTue, Jul 28, 2009
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WDC vs. ETF Alternatives
Company Description
We design, develop, manufacture and sell hard drives. A hard drive is a device that uses one or more rotating magnetic disks (“magnetic media”) to store and allow fast access to data. Hard drives are key components of computers, including desktop and notebook computers (“PCs”), data storage... More
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- | On the move
- Monday, December 24, 2012, 3:02 PM "If people used to buy PCs every four years and are now buying them every five years, that could lower PC sales by 20 percent over time," says Bernstein's Tony Sacconaghi, quoted in an NYT column discussing the lukewarm reception for Windows 8, which arrived as tablets were already pushing out replacement PC purchases. NPD believes U.S. retail Windows PC sales fell 13% Y/Y from the time of the Win. 8 launch to the first week of December, though that's better than a late-November estimate. 12 Comments [Tech]
- Thursday, December 20, 2012, 11:21 AM AMD (AMD -4.2%) is slumping, and Intel (INTC -0.5%) and Nvidia (NVDA -0.6%) are slightly off, after Evercore's Patrick Wang joins the estimate-cutting parade, and co-worker Rob Cihra offers mixed commentary about PC demand. While holding out hope Windows 8 and China will lead demand to stabilize in 1H, Cihra notes many industry suppliers appear to have under-shipped end-user sales (which themselves aren't great) in Q4 thanks to inventory drawdowns. "Early ultrabooks have been stymied by high prices and Win8 so far looks like a remarkable non-factor.," he adds. Comment! [Tech, On the Move, Quick Ideas]
- Wednesday, December 19, 2012, 11:14 AM Seagate (STX +3.1%) and Western Digital (WDC +4.1%) pop after receiving upgrades to Buy from Craig-Hallum. The firm cites hard drive inventory reductions and lower expectations, and a lack of pricing changes. Judging by their current valuations, investor expectations for STX and WDC are definitely quite low. JPMorgan downgraded Seagate last week, while Barron's named both companies to its list of top 10 picks for 2013. Hard drive controller supplier Marvell (MRVL +1.9%) is also up. 2 Comments [Tech, On the Move]
- Monday, December 17, 2012, 5:15 PM Digitimes provides another gloomy tidbit for PC component suppliers, stating most PC-focused Taiwanese chipmakers are expected to see a 10% M/M December sales drop on top of a similar drop for November. Both weak PC demand and OEM inventory liquidations are said to be culprits - analysts have already raised alarm bells about the inventory problems faced by Intel (INTC) and others. Last month, the site noted contract manufacturers are pressuring component vendors to lower prices. 1 Comment [Tech]
- Wednesday, December 12, 2012, 4:09 PM In downgrading Seagate (STX -4.4%) to Underweight, JPMorgan's Mark Moskowitz cites not only a declining hard drive market, but also expectations of share loss following big gains in late 2011/early 2012 thanks to Thai manufacturing disruptions. JPM's research indicates Seagate stands to lose share in the enterprise and notebook hard drive markets over the next 6-12 months, as long-term deals with OEMs unwind. Those remarks could be why Western Digital (WDC -0.8%), which has a habit of rising/falling with Seagate, hardly budged. Comment! [Tech, Quick Ideas]
- Wednesday, December 12, 2012, 8:13 AM Seagate Technology (STX) is downgraded to Sell at JPMorgan, which cites a revision to shrinkage from growth in expected hard disk drive unit demand in 2013. Shares -3.6% premarket. Western Digital (WDC) -1.1% premarket. 2 Comments [Tech, Quick Ideas, On the Move]
- Monday, December 10, 2012, 7:04 PM More on Intel: Miller Tabak has become the latest in a line of firms to slash estimates on Intel and provide negative industry commentary along the way. The sales of Taiwanese contract manufacturers appear to have fallen 5% M/M in November, MT claims, even though November is seasonally strong. It now expects an 8% Y/Y sales drop for Q4, and argues Intel faces a "double headwind" of weak PC sales and excess inventory. Shares are still rated Neutral on account of Intel's valuation and dividend (4.5% yield). (previous: I, II) 1 Comment [Tech]
- Monday, December 10, 2012, 10:38 AM Western Digital (WDC +3%) and Seagate (STX +3.3%) are up after WDC is named one of Barron's top 10 picks for 2013: the paper cites the hard drive maker's rock-bottom valuation, strong balance sheet, and pledge to return 50% of free cash flow to shareholders. It also likes the ongoing growth in storage demand even as PC sales falter; and the stable pricing that stems from WDC and Seagate's combined 80% share of the hard drive market. Seagate was named a top pick for 2012, and is up over 60% YTD. 1 Comment [Tech, On the Move, Quick Ideas]
- Wednesday, December 5, 2012, 1:57 PM Western Digital (WDC +8.4%) and Seagate (STX +4.6%) are up strongly in the absence of major news hitting the wires. WDC announced yesterday morning it would accelerate a dividend payment, but shares hardly budged in response. Low valuations - the hard drive makers both trade near 5x estimated FY13 EPS, and have sizable cash balances - could be enticing bargain-hunters. (previous) 4 Comments [Tech, On the Move]
- Tuesday, December 4, 2012, 12:20 PM Windows (MSFT) notebook unit sales fell 10% Y/Y on Black Friday, claims NPD, which recently estimated a 24% Y/Y drop for the first month of Windows 8 sales. Windows 8 gear made up 89% of notebook sales and sported an ASP of just $368; touchscreen devices made up only 3% of sales. Mac (AAPL) sales were flat Y/Y while Android (GOOG) tablets saw a 177% increase, though their ASP plunged to $151 from $219 (no doubt thanks to the Kindle Fire/Nexus 7). TV units rose 4%, but revenue fell 6% thanks to falling ASPs. Total consumer electronics sales fell 5.6%. 16 Comments [Tech]
- Tuesday, December 4, 2012, 8:22 AM Western Digital (WDC) declares $0.25/share quarterly dividend, in line with previous. Forward yield 2.99%. For shareholders of record Dec. 14. Payable Dec. 26. Ex-div date Dec. 12. (PR) Comment! [Dividends]
- Friday, November 30, 2012, 10:19 AM Strong price pressure could join the list of problems facing PC component suppliers, who are already struggling to deal with slumping volumes. Digitimes reports Taiwanese notebook contract manufacturers want component vendors to "lower their quotes for 2013" in order to offset the profit hit caused by declining system ASPs and lower utilization rates. DRAM prices have already tumbled, and Goldman argued yesterday Intel's ASPs are vulnerable. Comment! [Tech]
- Thursday, November 29, 2012, 12:44 PM Seagate (STX -1.8%) and Western Digital (WDC -0.6%) trade lower after Cleveland Research argues there's downside risk to the companies' forecasts for 140M calendar Q4 industry hard drive shipments, which itself represents a major drop from prior expectations. NPD's latest U.S. PC sales figures don't reflect well on industry demand either. Comment! [Tech, Quick Ideas]
- Wednesday, November 28, 2012, 9:37 AM Channelnomics thinks Microsoft's (MSFT) claim it has sold 40M Windows 8 licenses could be evidence of channel-stuffing. It notes many of the licenses may currently exist as inventory held by OEMs and resellers, and that StatCounter estimates Win. 8 is currently used on a mere 1% of the 1.5B PCs in operation. Nomura's Rick Sherlund is cutting estimates on Microsoft today, and says new Asian data points to a 7% Y/Y Q4 drop in PC shipments; a prior reading suggested flat growth. 10 Comments [Tech]
- Tuesday, November 20, 2012, 12:13 PM A few more companies that appear to be casualties of H-P's FQ4 disaster (I, II): IT services firms Infosys (INFY -2.9%), Wipro (WIT -1.6%), and Sapient (SAPE -1.4%), hard drive vendors Seagate (STX -1.4%) and Western Digital (WDC -2.5%), and middleware vendor/H-P acquisition rumor subject Tibco (TIBX -3.4%). (previous) Comment! [Tech, On the Move]
- Tuesday, November 20, 2012, 8:05 AM For whom H-P's (HPQ) FQ4 results toll: Dell (DELL) -1.9% premarket, Intel (INTC) -1.6%, AMD -1%. H-P reported a 14% Y/Y drop in PC revenue and 12% drops in both desktop and notebook shipments. The drop in commercial PC revenue (13%) was nearly as bad as the drop in consumer PC revenue (16%). 2 Comments [Tech, On the Move]
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Paul Zimbardo
2 Stocks To Buy For The Fiscal Cliff http://seekingalpha.com/a/nc5l $HUM $URI $WDC #Stocks #Investing #Fiscalcliff #NYE Happy New Year! - View all 0 replies
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MagicDiligence
GARP? The 10 Fastest Growing Magic Formula Stocks $AAPL $QCOR $WDC and others. http://bit.ly/UFU8FP - View all 0 replies
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Sunil Shah
$WDC on a 4 PE and falling. 3% div yield. share buyback. This is not tied SOLELY to the PC cycle. Tablets have HDD's. And external hard drvs - View all 0 replies
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longupyours
Please sell WDC to 0! I want to be last owner! $1.5b buyback of $8b? Shouldn't take long. How about no new inv and use 6b OCF for bb? - View all 0 replies
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Sunil Shah
WDC Win 8 preorders are larger than Win 7. Although MSFT's enthusiasm is tempered, this could surprise for dec and mar quarters. s buy. - View all 0 replies
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Sunil Shah
WDC they lowered units for profitability. 65m units vs 71m in june qtr. Now on a p/cashflow of 2-3. Strong buy! - View all 1 replies
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Sunil Shah: WDC correction 62.5m units this qtr vs 71m in june. and ASP stayed firm to give gross margin of 29.6% Excellent discipline in new paradigm
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