|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||79.93 - 82.08|
|52 Week Range||67.02 - 95.77|
|PE Ratio (TTM)||17.03|
|Earnings Date||Jan 23, 2018 - Jan 29, 2018|
|Forward Dividend & Yield||2.00 (2.42%)|
|1y Target Est||115.77|
Western Digital and Toshiba settled all outstanding litigation, ending a lengthy battle over a flash-memory chip joint venture.
Shares of hard-disk drive and NAND flash maker Western Digital (WDC) are up $1.92, or 2.4%, at $83.69, continuing gains in last night’s after-hours session, after the company announced it’s reached a settlement with its manufacturing partner for NAND, Toshiba (6502JP), after months of legal battles, paving the way for Toshiba to sell the manufacturing business. Summit Redstone’s Kinngai Chan raised his rating on the shares to Buy from Hold, writing that the "stock should now perform better relative to its peer group." The agreement to participate in funding Fab 6 is the “most important” element, writes Chan, as "we are no longer concern about the longer-term supply of low-cost 3D NAND availability to WDC." Western can weather the price declines, argues Chan: While we understand WDC is not immune to the industry downturn, we believe that WDC can manage the industry price decline better than its peer group due to its broad product portfolio coupled with its industry- leading 64-layer 3D NAND ramp and 96-layer 3D NAND ramp in 2018.
Finisar (FNSR) up big as Apple announced the manufacturer of optical communications will receive $390 million from Apple’s (AAPL) Advanced Manufacturing fund. The parent of Moviepass, the subscription theatrical movie service in the news as it announced a complicated share offering of over 8 million new shares, plus warrants. Looking at the chart, Western Digital shares are up in the single digits today.
Among the companies with shares expected to trade actively in Wednesday's session are Finisar, Apple, Alphabet, Western Digital, Honeywell International and Helios and Matheson Analytics.
Toshiba and Western Digital agreed to settle a dispute over the Japanese company’s planned sale of its memory-chip unit, clearing a major hurdle to the nearly $18 billion deal.
Settling a dispute over the planned sale of Toshiba’s memory-chip business will give both companies more firepower to invest as industry competition intensifies.
U.S. stocks climbed on Tuesday as producer prices rose ahead of the Federal Reserve's interest rate decision on Wednesday. The S&P 500 rose 0.2%, while the Dow Jones Industrial Average gained 0.5%. The ...
Toshiba and Western Digital said they agreed to settle a dispute over the Japanese company’s planned sale of its memory-chip unit.
The two have been in and out of court all year long, as Toshiba sought to sell the unit and Western repeatedly accused the company of violating Western's rights under the joint-venture agreement that it took over when it bought Toshiba's original partner SanDisk last year. Western CEO Steve Milligan said the company was "very pleased" that the agreements will "protect the JVs" and guarantee "long-term access to NAND supply," while allowing "Toshiba to achieve its objectives, and also enable us to continue delivering on the power of our platform." The parties will extend two of their joint ventures, "Flash Alliance" and "Flash Forward" to 2029 and 2027, respectively, they said. The two said they'll jointly invest in the "Fab 6" factory, which Toshiba had threatened to operate on its own: Fab 6 will be entirely devoted to the mass production of BiCS FLASH™, the next-generation of 3D flash memory, starting next year.
Toshiba Corp. and Western Digital Corp. officially settled litigation Tuesday that should clear a path for a long-planned sales of Toshiba's flash-memory unit. Toshiba has agreed to sell the business to ...
Western Digital Corp. today announced that it will host a conference call at 2:30 pm PT / 5:30 pm ET to discuss today’s announcement regarding the global settlement between Toshiba Corporation, Toshiba Memory Corporation and Western Digital, and to provide a business update.
Toshiba Corporation , Toshiba Memory Corporation and Western Digital Corporation have entered into a global settlement agreement to resolve their ongoing disputes in litigation and arbitration, strengthen and extend their relationship, and enhance the mutual commitment to their ongoing flash memory collaboration.
Among the companies with shares expected to trade actively in Tuesday's session are Amazon.com Inc., Comcast Corp., General Electric Co., Boeing Co and Western Digital Corp.
Amazon (AMZN) is rallying on news the “Amazon Effect” is alive and well. United Natural Foods (UNFI), the food distributor whose largest customer is Amazon’s Whole Foods, said it is “continuing to see record sales and shipping unit volume” and incurred $25 million in additional out-of-stock costs as it races to keep up with demand. Trivago (TRVG) shares are rising on an upgrade to buy at Deutsche Bank.
Toshiba Corp (:6502.T) and Western Digital Corp (NasdaqGS:WDC - News) have agreed in principle to settle a dispute over the Japanese firm's plans to sell its $18 billion chip unit and aim to have a final agreement in place next week, sources familiar with the matter said. The board of the embattled Japanese conglomerate approved a framework for a settlement on Wednesday, one of the sources said. The potential for Western Digital - Toshiba's partner in its main semiconductor plant and jilted suitor in the auction - to block a deal has been seen as the main obstacle to the planned sale of the unit to a Bain Capital-led consortium.
WDC's non-GAAP operating expenses reached $819.0 million in fiscal 1Q18 due to investments related to product development, IT transformation projects, and acquisitions.
According to Statista, HDD shipments are estimated to decline from 470 million units in calendar 2015 to 395 million units in 2017 and 330 million units in 2021.
Western Digital’s (WDC) Data Center Devices & Solutions business posted revenues of $1.37 billion in fiscal 1Q18.
WDC's Client Devices segment reported revenues of $2.7 billion in fiscal 1Q18, a rise of 12.7% year-over-year compared to ~$2.4 billion in fiscal 1Q17.
Toshiba Corp and its chip business partner Western Digital Corp have agreed to settle a long-running dispute over the embattled Japanese conglomerate's plans to sell its chip unit. As Kate King reports, it now hopes to close the $18bn sale to Bain Capital by March.
Toshiba and Western Digital have agreed in principle to settle a dispute over the Japanese firm’s plans to sell its $18 billion chip unit and aim to have a final agreement in place next week, sources familiar with the matter say. Samantha Vadas reports.