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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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- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, October 2, 2012, 4:37 PM More on Xyratex's FQ3: Revenue was in-line with the guidance Xyratex provided in its September warning. But FQ4 revenue is expected to be within a range of $235M-$285M and EPS of -$0.15 to -$0.43, well below an outdated consensus of $327.9M and $0.49. In addition to noting the qualification delays partly behind its FQ3 warning, Xyratex claims "industry dynamics are weaker than what was expected a few months ago" - possibly bad news for customers NTAP, STX, and WDC. XRTX -11.5% AH. CC underway (webcast). (PR) Comment! [Tech, Earnings, On the Move]
- Friday, September 21, 2012, 2:25 PM Though Seagate (STX +2.6%) and Western Digital (WDC +2.8%) are up following the former's analyst day guidance, hard drive controller chip suppliers LSI (LSI -1.1%) and Marvell (MRVL -1.8%) have ticked lower. That's a sign the Street is less pleased with Seagate's unit shipment guidance than it is with its pricing and margin commentary. The shipment guidance arguably has negative implications for PC sales. 1 Comment [Tech, On the Move]
- Friday, September 21, 2012, 2:19 PM Seagate (STX +3%) rallies after using its analyst day (webcast) to guide for FQ1 (Sep. quarter) revenue of $3.7B-$3.8B, below prior guidance of $4B. That's better than was feared given soft PC sales and Western Digital's (WDC +3.2%) recent warning. Also, Seagate is leaving its gross margin guidance unchanged at 30%, and says pricing is stable. However, it expects the FQ2 hard drive market to amount to just 150M-155M units, well below initial expectations (per Stifel) of 185M. (analyst day slides - 90MB PDF) Comment! [Tech, Earnings, On the Move]
- Thursday, September 13, 2012, 6:54 PM Western Digital (WDC) declared its first-ever quarterly dividend of $0.25/share. Forward yield 2.35%. For shareholders of record Sep 28. Payable Oct 15. Ex-div date Sep 26. Shares -2.2% AH. (PR) Comment! [Dividends, On the Move]
- Thursday, September 13, 2012, 6:37 PM Western Digital (WDC) -2.1% AH after warning it expects FQ1 (ends Sep. 28) revenue of $3.9B-$4B, below prior guidance of $4.2B-$4.3B and a consensus of $4.33B. The company also forecasts the hard drive market will total 140M units in the quarter vs. prior guidance of 157M, no doubt due to poor PC demand. WDC is softening the blow by establishing a $0.25/share quarterly dividend (2.4% yield), and boosting its stock buyback program by $1.5B. STX -2.4%. LSI and MRVL down slightly. 3 Comments [Tech, Earnings, On the Move]
- Thursday, September 13, 2012, 5:03 PM Western Digital (WDC) plans to launch hard drives filled with helium gas next year, using technology from its Hitachi unit. WDC boasts the drives, which will be aimed at the lucrative data center market, can lower power consumption by 23% and increase capacity by 40% over current models. Seagate (STX) has traditionally held the upper hand on WDC in the data center market, though both firms are now facing tough competition from flash storage providers such as Fusion-io (FIO). 1 Comment [Tech]
- Tuesday, September 11, 2012, 5:00 PM Xyratex (XRTX) -25.4% AH after warning it expects FQ3 revenue of $271M-$276M, well below a guidance range of $313M-$373M and a consensus of $344.6M. The company blames lower demand from enterprise storage OEM customers, as well as delayed sales for hard drive manufacturing and high-performance computing storage gear due to a failure to meet technical requirements. OEM customer NetApp (NTAP) is down 2.6% AH. STX -1.2%. WDC -1.1%. 2 Comments [Tech, Earnings, On the Move]
- Monday, September 10, 2012, 11:56 AM Western Digital (WDC -1.3%) announces CEO John Coyne is retiring effective Jan. 2, 2013, and will be replaced by President Steve Milligan. Coyne, a 29-year WDC vet, has been the hard drive maker's CEO since Jan. '07. JPMorgan's Mark Moskowitz praises Milligan as an worthy replacement, noting his role in turning around Hitachi's hard drive ops prior to their acquisition by WDC. Comment! [Tech]
- Friday, September 7, 2012, 1:14 PM "We anticipate the worst 2H for PC sales since inception," says Citi's Gen Yeung, responding to Intel's (INTC -3.5%) Q3 warning. Yeung and many others have been raising alarm bells about PC demand in advance of Windows 8's (MSFT -1.8%) Oct. 26 consumer launch. FBR notes PC and storage inventories are at elevated levels, and Longbow believes Intel is seeing an inventory correction related to soft ultrabook uptake. The Intel Developer Forum kicks off on Tuesday. 34 Comments [Tech, Quick Ideas]
- Friday, September 7, 2012, 12:49 PM Stock buybacks are nice, but history suggests companies tend to do so just when profits (and the share price) are at their plumpest. Here are a few companies buying back shares trading at a discount to the market multiple: AET, DELL, HPQ, STX, WDC, LLL, NOC, GME. 1 Comment [Quick Ideas]
- Friday, September 7, 2012, 10:12 AM Intel's (INTC -2.8%) warning is hurting other chip stocks with strong PC exposure: AMD -3.4%. NVDA -4.5%. MU -4.6%. H-P (HPQ -1.4%), Microsoft (MSFT -1.3%), Seagate (STX -1.6%), and Western Digital (WDC -1.4%) are off moderately, though Dell (DELL +0.9%) is higher after declaring its first dividend. Analysts had been slashing estimates (I, II, III) for Intel ahead of the warning thanks to a torrent of negative PC data - that seems to be limiting the damage. 4 Comments [Tech, On the Move]
- Thursday, September 6, 2012, 9:48 AM Seagate (STX -4.2%) drops after Needham's Richard Kugele downgrades to Underperform. Kugele's talks with industry players indicate demand is weak notonly for desktop and notebook hard drives (unsurprising), but also for enterprise (server/storage) drives. He's also cutting his PT for Western Digital (WDC -0.4%), but reiterates a Strong Buy due to conservative guidance and the expected benefits of integrating Hitachi's hard drive ops and internally sourcing drive heads. (S&P) (Stifel) 2 Comments [Tech, On the Move, Quick Ideas]
- Wednesday, August 29, 2012, 5:04 PM Western Digital (WDC) and Seagate (STX) accounted for 87% of the hard drive market in Q2, estimates IHS iSuppli. Western, having recovered from disruptions caused by Thai flooding, saw its share rise to 45%. Seagate's slipped to 42%, and Toshiba made up the remaining 13%. Depressed valuations and expectations Seagate and Western's near-duopoly power will continue yielding favorable pricing have fueled a strong summer rally in the companies' shares, in spite of weak PC sales. Comment! [Tech]
- Monday, August 27, 2012, 6:06 PM Notebook display panel prices have dropped in August due to weak demand, claims DisplaySearch. This comes on top of recent reports of falling PC DRAM prices, and is another sign PC component suppliers could be facing intense pricing pressure in 2H to go with soft unit shipments, thanks to the industry's woes. All eyes are on Windows 8's (MSFT) Oct. 26 launch. (Intel estimate cuts) Comment! [Tech]
- Friday, August 24, 2012, 1:59 PM After looking at Dell (DELL) and H-P's (HPQ) awful July quarter PC sales data (I, II), IDC now predicts PC shipments will be up only 0.9% in 2012. Even that forecast could prove optimistic, given the decline seen in Q2. U.S. shipments are expected to fall 3.7%, after having already fallen in 2011. IDC continues to expect double-digit notebook shipment growth in later years due to emerging markets demand, but the tablet market's rapid growth makes that far from a sure thing. 1 Comment [Tech]
- Thursday, August 23, 2012, 11:28 AM Seagate (STX -3.5%) has bought bankrupt Solyndra's giant Fremont, CA manufacturing plant. It's unwknown whether Seagate, currently based out of nearby Scotts Valley, plans to make the building its new HQ, use it for hard drive assembly, or both. Shares are selling off today in response to H-P's weak PC sales data, and so are those of rival Western Digital (WDC -2%). Comment! [Tech, On the Move]
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Sunil Shah
WDC on a 3X cashflow, 1.3bn buyback in motion and positive secular shift in fundamentals. BUY - View all 0 replies
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MagicDiligence
A lot of stocks moving in and out of Magic Formula Investing this week, incl. $IPG $WDC $STX $QSII and more. http://bit.ly/Opc4qF - View all 0 replies
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Sunil Shah
WDC some FM has finally seen it. $3 eps versus 2.5$ consensus in two weeks. And massive share purchase. P/cashflow of 3.5 - View all 0 replies
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Sunil Shah
yes the market is not entirely mad. they see STX's warning is a boon for WDC. i see eps for june of $3. street consensus 2.50. buy! - View all 5 replies
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Sunil Shah: you go dude. crm going down. wdc is the best buy i have seen in 10 years.
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Sunil Shah
June: I get eps of 2.92$ for WDC on 4.7bn rev, 25% gross margin. Consensus eps is 2.5$. and 25% gm is conservative. will the market see it? - View all 1 replies
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Sunil Shah: stx just warned. 500m rev shortfall, all of which could accrue to WDC. and WDC has not warned although eps disc date announced. buy wdc
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freefdawatchlist
Wrong timing of easing by Central bankers of China, Europe and England http://bit.ly/OwcFWa $TVIX $TZA $UVXY $SLXP $STX $WDC $INFA - View all 0 replies
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