Western Digital Corp


  • 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.

  • BANGKOK, Jan 27- 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 as companies scope out other options in neighbouring countries such as Indonesia.

  • *2nd- qtr adj profit $2.19/ shr vs est $2.08. *Sees Q3 adj profit $1.80- $1.90/ shr vs est $1.95/ shr. The Irvine, California- based company, which dominates the hard-disk drive market along with rival Seagate Technology Plc, said it expects adjusted profit of $1.80- $1.90 per share on revenue of $3.65- $3.75 billion for the current quarter.

  • Western Digital profit rises 28 pct Wednesday, 22 Jan 2014 | 4:22 PM ET

    Jan 22- Western Digital Corp, the world's No. 1 hard-disk drive maker, reported a quarterly profit that beat Wall Street estimates, helped by sales of higher-margin data storage products to enterprise customers and gaming console makers.

  • Dec 23- Seagate Technology Plc said it would buy network and storage equipment maker Xyratex Ltd for about $374 million to strengthen its supply and manufacturing chain for disk drives. Xyratex shares were up 27 percent at $13.25 per share in morning trading, matching Seagate's offer price.

  • *Avago offers $11.15 per share, a premium of 41 percent. *Avago shares rise 11 percent; LSI soars 39 percent. Dec 16- Avago Technologies Ltd on Monday said it would buy LSI Corp for $6.6 billion in one of the semiconductor industry's largest deals this year as it turns to the fast-growing storage chip market to counter volatility in its main wireless business.

  • NEW YORK, Dec 5- A former Dell Inc supply manager who cooperated with government insider trading investigations, including a probe of a portfolio manager at SAC Capital Advisors, avoided prison on Thursday as a result of his cooperation. District Judge Jed Rakoff in Manhattan sentenced DeVore to time served plus two years of supervised release.

  • Nov 27- Solid-state hard drive maker OCZ Technology Group Inc said it had received an offer from Toshiba Corp to buy the company in a planned bankruptcy proceeding. OCZ, which has a market capitalization of $43 million, said it had "substantially completed" negotiations with Toshiba on an asset purchase agreement.

  • The company, whose customers include hard disk drive and flash drive makers Western Digital Corp, Seagate Technology and Toshiba Corp, also reported better-than-expected results for the third quarter. Marvell said it expected an adjusted profit of 23- 27 cents per share for the current quarter on revenue of $880 million to $920 million.

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  • Oct 24- Western Digital Corp, the world's No.1 hard-disk drive maker, reported a stronger-than-expected quarterly profit as it sold more higher-margin products to businesses and consumers.

  • Traders work on the floor of the New York Stock Exchange.

    Stocks recovered the previous day's losses to close higher Thursday, with the S&P 500 regaining its footing above 1,750, as Wall Street cheered a handful of upbeat earnings and encouraging economic data from China.

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  • Western Digital profit beats as enterprise sales rise Thursday, 24 Oct 2013 | 4:37 PM ET

    Oct 24- Western Digital Corp, the world's No.1 hard-disk drive maker, reported a quarterly profit that beat market estimates as it sold more higher-margin products to enterprise customers. Net income fell to $495 million, or $2.05 per share, in the quarter ended Sept. 27 from $519 million, or $2.06 per share, a year earlier. Analysts had expected $2.05 per share.

  • U.S. stock index futures signaled a higher open on Thursday, with markets still boosted by raised hopes the Federal Reserve will not start tapering off its asset purchases until next year.

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