Western Digital Corp.

Western Digital Corp.

Western Digital Corp.

Overview
Date Founded

1970

Headquarters

3355 MICHELSON DRIVE, SUITE 100, IRVINE, CA, 92612

Type of Company

Public

Employees (Worldwide)

61.8K

Industries

Computer Hardware
Wholesale: Technology

Company Description

We are thousands of people worldwide working to enable you to store, collect, access, and use a vast and growing body of digital information. Our reliable hard drives and solid state drives, marketed under the WD and HGST brands, are everywhere that digital information and content is found: in the cloud, supporting your mobile digital lifestyle; in business and personal computers; in external storage devices; in the digital video recorder in your home; and in sophisticated medical, military, aerospace, automotive, manufacturing and telecommunications systems. We also make media players that enable you to enjoy your digital content on the biggest screen in your house – your TV. Our customers range from some of the largest companies in the world to individual users like you. With the acquisition of Hitachi Global Storage Technologies (HGST), now a wholly owned subsidiary of Western Digital Corporation, we have expanded R&D resources, a broader product portfolio, greater manufacturing scale and a larger geographic footprint. With two successful independent subsidiaries, WD and HGST, we expect to accomplish great things as we build the new WD to be the world’s leading storage solutions provider

Contact Data
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Executives & Employees

Director & Chief Executive Officer

President & Chief Operating Officer

Executive Vice President & Chief Financial Officer

Executive Vice President, Chief Legal Officer & Secretary

Executive Vice President & Chief Human Resources Officer

Head, Content Solutions Unit

President, Technology & Strategy

Chief Accounting Officer & Vice President-Global Accounting

Chief Information Officer

Chief Project Engineer

Board of Directors

Director at Microsemi Corp.

President & Chief Executive Officer at Maxim Integrated Products, Inc.

Founder at Alexy Capital Management

Former Director & Chief Executive Officer at Libbey, Inc.

Director & Chief Executive Officer at Western Digital Corp.

Senior Advisor at HighPoint Associates, Inc.

Former Chief Executive Officer at WorldPort Communications, Inc.

Chairman, President & Chief Executive Officer at Memjet Technology Ltd.

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Western Digital Corp.
Owners & Shareholders
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FMA utilizes a research driven, fundamental, value-oriented strategy for selecting investments. In choosing equity investments, the firm focuses on the market price of a company's securities relative to their evaluation of the company's asset value, including an analysis of book value, cash flow potential, long-term earnings and multiples of earnings of comparable securities of both public and private companies. Each investment is analyzed separately and there are no set criteria as to specific value parameters, asset size, earnings or industry type. Using a value-oriented strategy, each of the firm's funds invests mainly in undervalued stocks that are trading at a discount to their intrinsic value. To a lesser extent, their funds also invest in restructuring or distressed companies. FMA's funds are not limited to pre-set maximums governing the size of the companies in which they may invest. They invests the equity portion of its portfolio predominantly in mid- and large-cap companies, with the remaining portion of its equity portfolio in smaller companies.

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ClearBridge Investments offers strong leadership, seasoned Portfolio Managers, and a well-resourced, centralized investment infrastructure operating from offices in New York and San Francisco. We benefit from the formidable strength of the Legg Mason organization, while continuing to operate with investment independence — maintaining our own investment strategies, philosophies and investment decision-making authority. ClearBridge currently has over 158 employees, including more than 54 investment professionals.

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SAAMCo provides investment management and advisory services to the registered fund (Subsidiary) by overseeing a sub-adviser who provides day-to-day portfolio management services to both the Subsidiary and the corresponding investment companies (Registered Funds). There is currently one Subsidiary for which SAAMCo provides such investment management and advisory services, the Commodity Strategy Subsidiary. SAAMCo's Commodity Strategy Subsidiary seeks to achieve long-term total return by investing in a combination of commodity-linked derivative instruments, including commodity futures, swaps, options and options on futures. These investments provide exposure to the return of real assets that trade in the commodities markets without direct investment in physical commodities. Real assets include, but are not limited to, such things as industrial and precious metals, gas, oil, livestock, agricultural or meat products, among others.

Recent Transactions
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DataDirect Networks, Inc. purchases Western Digital Corp. /Intelliflash Business from Western Digital Corp.

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Western Digital Corp. purchases Kazan Networks Corp. from PV Ventures LLC (Colorado), Samsung Ventures America, Western Digital Capital, Intel Capital Corp., Tahoma Ventures

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Western Digital Corp. purchases Tegile Systems, Inc. from SanDisk Ventures, August Capital Master Management Co. LLC, Capricorn Investment Group LLC (Private Equity), Cross Creek Advisors LLC, Meritech Capital Partners

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onWestern Digital Corp. purchases HGST, Inc. from Hitachi Ltd.

Auditor

Advised onWestern Digital Corp. issued Common Stock

Legal Advisor

Advised onDataDirect Networks, Inc. purchases Western Digital Corp. /Intelliflash Business from Western Digital Corp.

Associate

Advised onWestern Digital Corp. purchases Kazan Networks Corp. from Tahoma Ventures, PV Ventures LLC (Colorado), Western Digital Capital, Samsung Ventures America, Intel Capital Corp.

Legal Advisor

Advised onWestern Digital Corp. purchases Kazan Networks Corp. from Tahoma Ventures, PV Ventures LLC (Colorado), Western Digital Capital, Samsung Ventures America, Intel Capital Corp.

Legal Advisor

Advised onWestern Digital Corp. purchases Tegile Systems, Inc. from Meritech Capital Partners, Cross Creek Advisors LLC, Capricorn Investment Group LLC (Private Equity), August Capital Master Management Co. LLC, SanDisk Ventures

Advisors & Consultants
Legal Advisor

Chair, Executive Compensation & Employee Benefits Practice at O'Melveny & Myers LLP

Legal Advisor

Partner at O'Melveny & Myers LLP

Legal Advisor

Partner at Latham & Watkins LLP

Clients

Founded in 1997, HTC built its reputation as the behind-the-scenes designer and manufacturer of many of the most popular OEM-branded mobile devices on the market. HTC corporation Since 2006, we have regularly introduced many critically-acclaimed mobile devices under our own brand, and our portfolio includes smartphones and tablets powered by the Android and Windows Phone operating systems. We are dedicated to creating a customized user experience and believe that each mobile device needs to fit its owner, and not the other way around. What we make is not merely the product of focus group tests, but of observing and honoring how individuals choose to interact with technology. Our customers guide everything we do at HTC, and it’s this commitment that defines the company

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA.

One of the world's largest trans-national electronics distributors of electronic parts, enterprise computing and storage products and embedded subsystems, Avnet provides a vital link in the technology supply chain. Market needs and trends drive Avnet's product and services strategy, supported by a global infrastructure. Avnet brings a breadth and depth of service capabilities, such as supply-chain and design-chain services, logistics solutions, product assembly, device programming, computer system configuration and integration, and technical seminars - all in addition to its core distribution services. Through its innovative and entrepreneurial spirit, and its passion for customer service, Avnet assures customers and suppliers that they have chosen the right partner to accelerate their success

Key Stats and Financials As of 2019
Market Capitalization
$16.1B
Total Enterprise Value
$21B
Earnings Per Share
$-2.58
Revenue
$16.6B
Debt TEV
0.5x
TEVNet Income
-27.79x
Enterprise Value EBITDAOperating
10.15x
Enterprise Value Sales
1.26x
EBITDAMargin
12.46%
EBITDA
$2.06B
Total Equity
$9.97B
Total Debt
$10.5B
Net Profit
$-754M
Three Year Compounded Annual Growth Rate Of Revenue
8.44%
Five Year Compounded Annual Growth Rate Of Revenue
1.83%
Non-Profit Donations & Grants
Investments
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Codasip s.r.o. provides internet protocol and electronic design automation solutions. Its products include Codix Processors, RISC-V Processors and Custom Processors. The company was founded by Karel Masarik in 2006 and is headquartered in Brno, Czech Republic.

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Tegile Systems, Inc. provides flash-driven storage arrays for databases, virtualized server and virtual desktop environments. Its products include IntelliFlash, IntelliCare, Hybrid Array and All-Flash Array. The firm offers server virtualization, desktop virtualization and database solutions. The company was founded by Rohit Kshetrapal, Rajesh Nair, Alok Agrawal and Justin Cheen in 2010 and is headquartered in Newark, CA.

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Our team is hard at work in Palo Alto, CA, building out the future of the cloud. We can‘t wait to tell you more, but right now we‘re working very quietly. Some really great engineers and designers who‘ve built some of the world‘s most successful products are already here

Investors
Details Hidden

Partner at Bessemer Venture Partners

Suppliers
Hutchinson Technology, Inc. Electrical Products | HUTCHINSON, MINNESOTA

Hutchinson Technology, Inc. operates as a global technology manufacturer committed to creating value by developing solutions to critical customer problems. The company has designed its suspension assemblies with a focus on the increasing performance requirements of new disk drives, principally more complex, increased data density, and improved head-to-disk stability during a physical shock event and reduced data access time. Hutchinson Technology was founded by Jon A. Geiss and Jeffrey W. Green in 1965 and is headquartered in Hutchinson, MN.

Intevac Inc. Computer Software | SANTA CLARA, CA

Intevac, Inc. is engaged in the design, manufacture, and marketing of thin-film processing systems; and digital sensors, cameras, and systems. It operates its business through the Thin-film Equipment and Photonics segments. The Thin-film Equipment segment offers vacuum process equipment solutions for high-volume manufacturing of small substrates with precise thin-film properties, such as for the hard drive, solar cell, and DCP industries, as well as other adjacent thin-film markets.The Photonics segment develops digital-optical products for the capture and display of low-light images. The company was founded by Norman H. Pond in October 1990 and is headquartered in Santa Clara, CA.

Schmitt Industries, Inc. Appliances & Electronics | Portland, OR

Schmitt Industries, Inc. designs, manufactures and markets measurement and process control systems. It operates through the following segments: Balancer and Measurement. The Balancer segment develops balancing systems and components for the machine tool industry. The Measurement segment assembles laser based test and measurement solutions. The company was founded by Wayne A. Case in 1987 and is headquartered in Portland, OR.

Competitors
SK Hynix, Inc. Semiconductors - ICHEON, GY

SK Hynix Semiconductor is a drive engine and a future of the IT industry Semiconductors are essential to all IT products, and its performance often determines the performance of the final products. SK Hynix is the global leader in producing semiconductor, such as DRAM and NAND flash and System IC including CMOS Image Sensors. Since pilot production of Korea’s first 16Kb SRAM in 1984, SK Hynix consistently led the industry with smaller, faster and lower power semiconductor. As the second largest manufacturer of memory semiconductor, and as the largest DRAM provider in emerging markets such as China, SK Hynix is at the forefront of the IT industry. SK Hynix will enhance its competency with the best level of technology and a wide range of business portfolios It is common to see people using their smartphones and tablet PCs. Those IT devices become more pervasive as new imaginative and innovative IT products continue to grab imagination and ‘desires’ of consumers. More innovative IT device such as smart car, keyboard and surface computer without mouse will enlarge the range and demand of the semiconductor. SK Hynix has recorded high performance by tracking and foreseeing the market change. On year 2011 base, SK Hynix ranked 2nd position with a 23% worldwide market share in DRAM market. It has also a 10% NAND Flash market share. It also takes 8th position in global semiconductor market. SK Hynix will strengthen the world’s top level of technology and continuously diversify the product portfolios. SK Hynix opens a new IT world As of February, 2012, SK Hynix became a new family member of SK group. Now it is time for SK Hynix to open a new IT world together with SK which has led the nation strong in information technology. SK Hynix as one of the representative of Korea’s semiconductor company will make warm IT world for the mutual happiness.

Intel Corp. Semiconductors - Santa Clara, CA

Intel Corporation is an American multinational semiconductor chip maker corporation headquartered in Santa Clara, California. Intel is the world's largest and highest valued semiconductor chip maker, based on revenue. It is the inventor of the x86 series of microprocessors, the processors found in most personal computers. Intel Corporation, founded on July 18, 1968, is a portmanteau of Integrated Electronics (the fact that "intel" is the term for intelligence information was also quite suitable). Intel also makes motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphic chips, embedded processors and other devices related to communications and computing. Founded by semiconductor pioneers Robert Noyce and Gordon Moore and widely associated with the executive leadership and vision of Andrew Grove, Intel combines advanced chip design capability with a leading-edge manufacturing capability. Though Intel was originally known primarily to engineers and technologists, its "Intel Inside" advertising campaign of the 1990s made it and its Pentium processor household names.

Seagate Technology Plc Computer Hardware - Dublin, DU

Founded in 1979, Seagate is the leading provider of hard drives and storage solutions. From the videos, music and documents we share with friends and family on social networks, to servers that form the backbone of enterprise data centers and cloud-based computing, to desktop and notebook computers that fuel our personal productivity, Seagate products help more people store, share and protect their valuable digital content. Seagate offers the industry’s broadest portfolio of hard disk drives, solid-state drives and solid-state hybrid drives. In addition, the company offers an extensive line of retail storage products for consumers and small businesses, along with data-recovery services for any brand of hard drive and digital media type. Seagate employs more than 50,000 people around the world

Awards & Honors
Rank #194
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #194
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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