Press release
Western Digital Comments on Letter from Elliott Management
SAN JOSE, Calif.--(BUSINESS WIRE)-- Western Digital Corp. (“Western Digital”) (NASDAQ: WDC) today issued the following statement regarding a letter sent by
About this update from Western Digital Corporation
[{"type":"text","content":" SAN JOSE, Calif.--(BUSINESS WIRE)--\nWestern Digital Corp. (“Western Digital”) (NASDAQ: WDC) today issued the following statement regarding a letter sent by Elliott Management to Western Digital’s Board of Directors:\n\n“Western Digital maintains an ongoing dialogue with our shareholders and values constructive input on our business. We agree that Western Digital is an excellent, yet undervalued, company with strong positions in our flash and HDD businesses and look forward to engaging with Elliott to discuss their views. Our Board of Directors is committed to acting in the best interests of all our shareholders and will carefully consider Elliott’s ideas.”\n\n“Western Digital is a leading data infrastructure company focused on executing its strategy to capitalize on the huge market opportunity stemming from the rapid global adoption of the cloud and the expansive and growing ecosystem it supports. Our end market diversity and breadth, restructured organization, broad customer base, channel reach and innovative product leadership all position the company to benefit from the multi-year growth in data creation and storage. We will continue our commitment to innovation and our focus on delivering the quality, performance and cost-effectiveness our customers rely on. Our CEO, David Goeckeler and the Board of Directors have explored a range of options to unlock and deliver long-term value and we will continue our ongoing dialogue with our shareholders.”\n\nAbout Western Digital\n\nWestern Digital is on a mission to unlock the potential of data by harnessing the possibility to use it. With both Flash and HDD franchises, underpinned by advancements in memory technologies, we create breakthrough innovations and powerful data storage solutions that enable the world to actualize its aspirations. Core to our values, we recognize the urgency to combat climate change and have committed to ambitious carbon reduction goals approved by the Science Based Targets initiative. Learn more about Western Digital and the Western Digital®, SanDisk® and WD® brands at www.westerndigital.com.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of federal securities laws, including statements regarding expectations for the company’s business outlook, valuation and financial performance; expectations fo...