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Western Digital was founded on April 23, 1970, by Alvin B. Phillips, a Motorola employee, as General Digital Corporation, initially a manufacturer of MOS test equipment. [12] It was originally based in Newport Beach, California , [ 13 ] shortly thereafter moving to Santa Ana, California , and would go on to become one of the largest technology ...
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 ...
General Electric in Schenectady, New York, aerial view, 1896 Plan of Schenectady plant, 1896 [19] General Electric Building at 570 Lexington Avenue, New York. During 1889, Thomas Edison (1847–1931) had business interests in many electricity-related companies, including Edison Lamp Company, a lamp manufacturer in East Newark, New Jersey; Edison Machine Works, a manufacturer of dynamos and ...
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]
A reverse stock split occurs on an exchange basis, such as 1-10. When a company announces a 1-10 reverse stock split, for example, it exchanges one share of stock for every 10 that a shareholder owns.
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 ...
GE Digital is a subsidiary of American energy conglomerate GE Vernova. Headquartered in San Ramon, California , the company provides software and industrial internet of things (IIoT) services to industrial companies.
Western Digital makes hard drives, USB drives and memory cards. New York-based Elliott, one of the world's most prominent activist investors, argued in a letter to the board that Western Digital's ...
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