Western Digital Corp


  • Its shares have slumped 16 percent since Chief Executive Officer Kevin Murai warned earlier in July that increased demand was already waning from companies buying new computers to upgrade their operating systems after Microsoft Corp stopped supporting Windows XP in April.

  • The 800-pound gorilla in the cloud IPO room Tuesday, 17 Jun 2014 | 6:00 AM ET
    Arash Ferdowsi and Drew Houston, co-founders of Dropbox

    Dropbox has raised more than $1 billion in venture capital, the biggest bet that cloud-based collaboration is the future of the enterprise.

  • SanDisk to buy Fusion-io for $1.1 billion Monday, 16 Jun 2014 | 11:59 AM ET

    Chipmaker SanDisk said it would buy flash storage device maker Fusion-io for about $1.1 billion.

  • June 16- SanDisk Corp is buying Fusion-io Inc for about $1.1 billion to add heft to its fast-growing business of providing flash storage drives to companies.

  • SEC loses insider trading case against sTec ex-CEO Friday, 6 Jun 2014 | 6:25 PM ET

    In a loss for the SEC, a federal jury found the former CEO of sTec not liable for trading on inside information ahead of a secondary stock offering.

  • The case in Santa Ana, California, was one of the largest U.S. insider trading enforcement actions to go to trial, and is another setback for the SEC on the heels of an insider trading trial loss a week earlier in New York.

  • The Securities and Exchange Commission "ignored actual evidence" that failed to support its case of wrongdoing against former sTec Inc CEO Manouchehr Moshayedi, defense attorney Patrick Gibbs said during closing arguments in a trial in U.S. District Court in Santa Ana, California.

  • Nexenta makes open source-based "software-defined storage", which a client uses to save data on hardware from other vendors, thereby avoiding costly' package deals' that require buying hardware and software from the same vendor such as NetApp Inc or EMC Corp..

  • This is the stockpicker who beat Ackman & Einhorn Monday, 5 May 2014 | 7:00 AM ET

    The Ira Sohn Investment Conference gets underway, with a bevy of high-profile managers set to give their picks.

  • Western Digital profit slips on lower sales to PC makers Wednesday, 30 Apr 2014 | 4:51 PM ET

    April 30- Hard-disk drive maker Western Digital Corp reported a 4 percent fall in quarterly profit due to a decrease in sales to personal computer makers. The company's net income fell to $375 million, or $1.55 per share, in the third quarter ended March 28 from $391 million, or $1.60 per share, a year earlier. Excluding items, the company earned $1.94 per share.

  • Marvell forecast first-quarter revenue between $870 and $910 million, above analysts' average estimate of $848.94 million, according to Thomson Reuters I/B/E/S. Marvell said results were softer than it expected in the mobile business in the fourth quarter as some customers delayed product launches.

  • Jan 27- Hard-disk drive maker Seagate Technology Plc's second-quarter results missed analysts' estimates as growth slowed in its cloud storage business, sending its shares down 7 percent in extended trading. O'Malley, who counts Google among Seagate's customers, said cloud comprised 10-15 percent of its total revenue in the second quarter ended Dec. 27.

  • Jan 27- Seagate Technology Plc reported a 13 percent decline in quarterly profit as demand fell for its hard-disk drives due to declining personal computer sales. Net income fell to $428 million, or $1.24 per share in the second quarter ended Dec. 27, from $492 million, or $1.30 per share, a year earlier.

  • Thai crisis unsettles investors, may deter new money Sunday, 26 Jan 2014 | 4:24 PM ET

    Long-term foreign investors say they are sticking with Thailand despite its political woes but the threat of worsening chaos may scare away new money.

  • Top 3 cheap stocks to buy now: Pro Monday, 6 Jan 2014 | 1:57 PM ET

    Three picks promise strong returns for the coming year, Lyrical Asset Management's Andrew Wellington says.

  • 'Fast Money' Rewind: The week in review for Nov. 22 Friday, 22 Nov 2013 | 3:04 PM ET

    The traders covered it all on a big week of "Fast Money."

  • Your first trade for Thursday Wednesday, 20 Nov 2013 | 1:33 PM ET

    The "Fast Money" traders share their final trades of the day.

  • Your first trade for Tuesday Monday, 18 Nov 2013 | 6:31 PM ET

    The "Fast Money" traders share their final trades of the day.

  • Your first trade for Friday Thursday, 7 Nov 2013 | 1:48 PM ET

    The "Fast Money" traders share their final trades of the day.

  • CNBC's Melissa Lee, Dominic Chu, and Jackie DeAngelis dissect the numbers on Zynga, Deckers, and Western Digital.