WDC News and Press, Western Digital Corporation From 08/04/22

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Western Digital (NASDAQ: WDC) applauds the passage of the Bipartisan Innovation Act (BIA). The BIA will help accelerate strategic investments in the next generation of advanced technology innovation and development. Congress with the support and leadership of President Biden and Commerc...

Western Digital ( WDC ) and Kioxia Holdings, a spin-off of Toshiba ( OTCPK:TOSBF ), will receive $680M in subsidies from Japan to boost production of memory chips, the country's government said on Tuesday. The news, first reported by Reuters, comes as the world continues t...

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Seagate Technology ( NASDAQ: STX ) tumbled 10% on Friday after the hard-disk drive maker posted fourth-quarter results that missed estimates and gave weak guidance, prompting investment firm Summit Insights to downgrade the stock on worries over weakness in the cloud. Analys...

Seagate’s chief executive officer Dave Mosley said the continuation of macro issues is continuing and the company is reducing production to maintain "supply discipline." The company is also managing expenses, Mosley added. For further details see: Seagate Technology plunges 1...

Seagate’s chief executive officer Dave Mosley said the continuation of macro issues is continuing and the company is reducing production to maintain "supply discipline." The company is also managing expenses, Mosley added. For further details see: Seagate Technology posts wea...

Seagate Technology ( NASDAQ: STX ) shares fell on Wednesday as Bank of America cut estimates for 2022, citing weakness in both the consumer and PC markets. Analyst Wamsi Mohan, who has a buy rating on Seagate Technology ( STX ) shares, lowered his estimates for the June ...

Western Digital ( WDC ) and Seagate Technology ( NASDAQ: STX ) shares rose on Friday even as investment firm Deutsche Bank cut earnings estimates and noted recent weakness could spillover to impact cloud and enterprise spending. Analyst Sidney Ho, who has a buy rating on...

Western Digital Corp. (NASDAQ: WDC) plans to announce its fourth quarter and fiscal year 2022 financial results before the market opens on Friday, August 5, 2022. The investment community conference call to discuss these results will be held that day at 5:30 a.m. Pacific / 8:30 a.m. Eas...