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Western Digital Corporation (WDC) Management on Morgan Stanley Technology, Media and Telecom Conference (Transcript)

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Western Digital Corporation. (NASDAQ:WDC) Morgan Stanley Technology, Media and Telecom Conference March 2, 2021 11:45 AM ET

Company Participants

Bob Eulau - Chief Financial Officer

Siva Sivaram - President Technology & Strategy

Conference Call Participants

Joseph Moore - Morgan Stanley semiconductor Analyst

Joseph Moore

Hi, good morning, welcome back everyone. I'm Joe Moore of Morgan Stanley semiconductor analyst. I want to introduce our guests first, I do need to read it quick, Safe Harbor from Morgan Stanley’s side for important disclosures, please see Morgan Stanley research disclosure website at www.morganstanley.com/research disclosures. And if you have any questions, please reach out to your Morgan Stanley sales representative.

So I'm going to introduce Western Digital. We have today, Bob Eulau, the Chief Financial Officer and Siva Sivaram, President Technology and strategy for Western Digital. So welcome, guys. I know you have a Safe Harbor agreement to read as well. And then we'll go straight into questions.

Bob Eulau

All right. Well thanks, Joe, we really appreciate you having us today. And as you said, we got a quick Safe Harbor, we will be making forward looking statements. And I ask that you refer to our SEC filings for the risks associated with these events. We'll also be making references to non-GAAP financials and a reconciliation of our GAAP and non-GAAP results can be found on our website. So with that, I think we're ready to go.

Question-and-Answer Session

Q - Joseph Moore

Great, thanks. So maybe I can start off with some of the bigger picture things that have been going on. And maybe see if you can give some insight into this, since you've seen now a couple of transitions from SanDisk to WD to a CEO transition. But you know it we're coming up on a year now since the CEO change. And it feels to

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Comments (2)

hanglai123 profile picture
I am sorry, I cannot see WDC has any value at present or in the future, both NAND SSD and HDD are shrinking business. While HDD is dying, only the archive people buy it and SDD is contracting in price, the end product pricing is still declining, especially when the Chinese suppliers are coming into the market in full force, it will drive the ASP to below cost, there is no hope for WDC's net debt of $9B to be paid off anytime soon. WDC is higher cost company, no matter how much cost cutting, the competitors like Samsung and Micron have much cost advantage to WDC. No matter how much analysts from Morgan Stanley ( and the like ) push up the price, or the pump and dump technique, few people will buy it unless you are ignorance the market place.
itschrisolson profile picture
Please spinoff your divisions. It'll bring huge value to shareholders
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