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Top related persons:
Yoshiyasu - 1 Japan's Kioxia - 1 Elliott - 1 Samrhitha - 1 Shounak Dasgupta - 1 Morgan Stanley - 1 it's - 1 Michael Bloom - 1
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Top related orgs:
Western Digital Corporation - 2 Western Digital - 2 SK Hynix - 2 REUTERS - 1 Elliott Management - 1 Japan's Kioxia Holdings - 1 Thomson - 1 Korean chipmaker SK Hynix - 1

Search resuls for: "Western Digital Corporation"


3 mentions found


☆ Western Digital to separate into two companies
  + stars: | 2023-10-30 | by ( ) www.reuters.com   time to read: +1 min
The logo of Western Digital Corporation is displayed at the company's headquarters in Tokyo, Japan, May 27, 2019. REUTERS/Yoshiyasu Shida/File Photo Acquire Licensing RightsOct 30 (Reuters) - Western Digital (WDC.O) said on Monday it would split itself into two companies that would focus on the hard drive and flash memory markets, days after talks of a merger with Japan's Kioxia stalled. Western Digital shares were up nearly 10% before the bell. The company launched a review of alternatives last year after activist investor Elliott Management disclosed a stake of nearly $1 billion in Western Digital and pushed it to separate those businesses. Reports last week said merger talks between Western Digital and Japan's Kioxia Holdings had stalled as opposition from Kioxia investor SK Hynix (000660.KS) complicated the on-again, off-again deal.
Persons: Yoshiyasu, Japan's Kioxia, Elliott, Samrhitha, Shounak Dasgupta Organizations: Western Digital Corporation, REUTERS, Western Digital, Elliott Management, Japan's Kioxia Holdings, SK Hynix, Thomson Locations: Tokyo, Japan, Bengaluru
☆ Morgan Stanley names its top stock picks — and its 'least favored' — in a corner of the chip market
  + stars: | 2023-09-13 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +3 min
A "recovery narrative" has been playing out in a corner of the semiconductor market this year, according to Morgan Stanley. They benefit from NAND recovery on cash flows, and a "strong competitive position" in high bandwidth memory, said the bank. Meanwhile, the potential for NAND improvement in the U.S. seems "most positive" for Western Digital, which isn't discounting a material recovery in NAND profits, Morgan Stanley said. Improving conditions Morgan Stanley said it's become more optimistic on the memory sector given that pricing and inventory conditions are improving further. Overall, Morgan Stanley expects a shortage building up in the fourth quarter and an upturn in 2024 — before peaking in 2025.
Persons: Morgan Stanley, it's, Michael Bloom Organizations: Korean chipmaker SK Hynix, Western Digital Corporation, Western Digital, SK Hynix, Samsung, Micron Locations: U.S, Asia
☆ This week's best-performing S&P 500 stocks include 3 energy names expected to jump at least 20%
  + stars: | 2022-10-07 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +3 min
Energy names were the biggest winners in the market this week, as a major production cut by OPEC+ boosted oil prices. In addition, eight of the top 10-performing S & P 500 stocks this week are energy names. This year, Halliburton's stock price has increased more than 34%, including this week's more than 22% gain. Outside of energy names, analysts are also very bullish on Western Digital. Energy names Devon Energy , Hess , Pioneer Natural Resources and Schlumberger complete the list.
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