Western Digital is separating its flash memory and hard drive businesses. The company says the change will allow it to “realize its full value.”
Western Digital is splitting into two companies: one for its flash business and another for its hard drive storage products. The company announced the change alongside its earnings results on Monday, noting that spinning off its flash business will allow Western Digital to “realize its full value.” Western Digital acquired flash memory manufacturer SanDisk for nearly $19 billion in 2016.
“Our HDD and Flash businesses are both well positioned to capitalize on the data storage industry’s significant market dynamics,” Western Digital CEO David Goeckeler said in a statement. “Given current constraints, it has become clearer to the Board in recent weeks, that delivering a stand-alone separation is the right next step.” This past quarter, Western Digital’s revenue dropped 26 percent year over year as flash memory and disk drive sales declined.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Western Digital’s stock jumps on plan to spin off flash memory unit to shareholdersSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Weiterlesen »
Western Digital to Break up, Separating Hard-Drive Business From Flash-Memory UnitWestern Digital plans to break itself up, separating its business making traditional hard drives for computers from its flash-memory business.
Weiterlesen »
GM, Disney, Alphabet, Western Digital, SoFi, Apple, and More Stock Market MoversThe United Auto Workers union announces a strike at another General Motors plant, Nelson Peltz's push for board seats at Disney gets a boost, and results...
Weiterlesen »
Western Digital to separate into two companiesWestern Digital to separate into two companies
Weiterlesen »
Chevron's $53B Hess purchase; Western Digital's doomed merger: 5 big deal reportsChevron's $53B Hess purchase; Western Digital's doomed merger: 5 big deal reports
Weiterlesen »
NFL broadcasters seem to finally realize 49ers no longer play in SFThe 49ers are in their 10th season at Santa Clara's Levi's Stadium, but television broadcasters have continued to mostly show San Francisco.
Weiterlesen »