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Western Digital shares rose 10% on the news. The split will leave the data storage products maker with its traditional hard-disk drive business and create two publicly traded firms, giving into ...
Western Digital used (and still uses) Kioxia's facilities for making its own flash memory chips. [14] [15] On August 30, 2019, the company announced that it signed a definitive agreement to acquire Taiwanese electronics manufacturer Lite-On's SSD business for US$165 million. [16] The acquisition closed on July 1, 2020. [17]
Western Digital labeled these 8 MB models as "Special Edition" and distinguished them with the JB code (the 2 MB models had the BB code). The first 8 MB cache drive was the 100 GB WD1000JB, followed by other models starting with 40 GB capacity. Western Digital advertised the JB models for cost-effective file servers. In October 2001, Western ...
The announcement comes a month after prominent activist investor Elliott Management disclosed a stake of nearly $1 billion in the company and pushed it to separate its flash and hard-drive business.
A stock split is when a company decides to exchange its stock for more (and sometimes fewer) shares of its own stock, with the price per share adjusting so that there is no change in the overall ...
Wall Street's newest tech stock-split stock is a bargain In mid-May, consumer electronics juggernaut Sony Group (NYSE: SONY) unveiled plans to conduct a 5-for-1 forward split -- its first split ...
New York-based Elliott, one of the world's most prominent activist investors, argued in a letter to the board that Western Digital's acquisition of SanDisk is not working well and the company ...
Western Digital Corporation (NASDAQ:WDC) stock is about to trade ex-dividend in 4 days time. Investors can purchase...