Tag Archives: wdc

Western Digital Gaps Up On Investment From China Firm

An equity investment by a Chinese company in Western Digital (WDC) boosted shares of the computer data storage giant by as much as 16% early Wednesday. Western Digital stock was up 13%, near 78.50, in early afternoon trading in the stock market today. Chinese company Unisplendour, a unit of Tsinghua also known as Unis, is investing $3.78 billion in newly issued stock from the Irvine, Calif.-based Western Digital at $92.50 a share, for a 15% stake

Western Digital Beats on Gaming, But Q4 Earnings Dip

s Digital hard-drive maker Western Digital (WDC) stock fell more than 1% on Thursday after the company’s revenue and net income decline but still beat consensus estimates for Q4. Western Digital fell 1.3% in the stock market today, near 99.83. Earlier, though, Western Digital stock touched an all-time high of 102.89, and the stock sports an IBD Relative Strength Rating of 92. The Irvine, Calif.-based company said net income minus items fell 5.6%

End of Windows Server 2003 seen sparking data center sales

Server sales could get a big lift next year when Microsoft’s (MSFT) Windows Server 2003 software reaches its scheduled end of life. A report by Pacific Crest Securities on Monday compared the impact to the boost seen in personal computer sales as Windows XP approached its end of support on April 8. The end of life for Windows Server 2003 on July 14, 2015, is one of two catalysts that could spark an enterprise data center revival next year, the investment bank said. The other factor is Intel ‘s (INTC) new Grantley server platform, which is set to ship in late September or early October, Pacific Crest said. Among the companies likely to benefit from the server sales rebound are Intel, Hewlett-Packard (HPQ), Western Digital (WDC), Seagate Technology (STX), SanDisk (SNDK), F5 Networks (FFIV) and A10 Networks (ATEN). Last year, data center spending fell for the first time since the…