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   Technology StocksWDC, NAND, NVM, enterprise storage systems, etc.


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From: Bruno Cipolla10/26/2021 5:34:37 AM
1 Recommendation   of 4736
 
Merger talks between Western Digital and Kioxia stall - sources

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From: Sam10/27/2021 10:27:07 PM
   of 4736
 
Will investments in digital transformation enhance Western Digital FQ1 results?

Oct. 27, 2021 1:16 PM ET Western Digital Corporation (WDC) By: Niloofer Shaikh, SA News Editor 4 Comments

  • Western Digital (NASDAQ: WDC) is scheduled to announce Q1 earnings results on Thursday, October 28th, after market close.
  • The consensus EPS Estimate is $2.44 (+275.4% Y/Y) and the consensus Revenue Estimate is $5.06B (+29.7% Y/Y).
  • Last week, the company's merger talk with Japanese chip maker Kioxia Holdings Corp. in a $20B-plus deal have stalled.
  • Mizuho downgraded the stock last week with price target forecast of $62 a share from $92. Mizuho analyst Vijay Rakesh says that there is evidence of weaker demand for DRAM chips that are commonly used in PCs, as well as slower mobile handset sales in China that could impact the rollout of 5G wireless service around the country.
  • The company has topped earnings estimate in the last quarter with revenue growth of 14%.
  • Over the last 2 years, WDC has beaten EPS estimates 88% of the time and has beaten revenue estimates 88% of the time.
  • Over the last 3 months, EPS estimates have seen 22 upward revisions and 2 downward. Revenue estimates have seen 17 upward revisions and 5 downward.
  • Over the period of six months, shares have underperformed the broader market, check in the graph below.

seekingalpha.com

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From: Sam10/28/2021 5:26:30 PM
   of 4736
 
WDC getting smacked AH. Down to 51.35-51.40 at the moment after closing at 57.28. They beat earnings and revenue estimates but guidance disappointed.

Western Digital EPS beats by $0.05, beats on revenue; guides Q2 below estimates
Oct. 28, 2021 4:03 PM ET Western Digital Corporation (WDC) By: Jignesh Mehta, SA News Editor
  • Western Digital (NASDAQ: WDC): Q1 Non-GAAP EPS of $2.49 beats by $0.05; GAAP EPS of $1.93 misses by $0.10.
  • Revenue of $5.1B (+30.8% Y/Y) beats by $40M.
  • Press Release
  • Generated operating cash flow of $521M and free cash flow of $224M.
  • For FQ2, Western Digital forecasts revenue of $4.7-4.9B (consensus: $5.24B), $1.95-2.25 EPS (consensus: $2.63).

seekingalpha.com

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From: BeenRetired11/13/2021 10:22:39 AM
   of 4736
 

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To: BeenRetired who wrote (4705)11/19/2021 12:49:35 PM
From: SiliconAlley
   of 4736
 
I totally agree.

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From: BeenRetired11/21/2021 8:48:56 AM
   of 4736
 
Dumbfounded how quickly moving to $500.

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From: Sam11/23/2021 9:59:28 AM
   of 4736
 
Japan to allocate $5.2 bln to fund chip plants by TSMC, others - Nikkei
Reuters November 23, 2021 08:11:00 AM ET

Nov 23 (Reuters) - Japan will allocate about 600 billion yen ($5.2 billion) from its fiscal 2021 supplementary budget to support advanced semiconductor manufacturers including the world's No. 1 contract chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC), Nikkei reported on Tuesday.

As part of the stimulus package, the Japanese government will invest about 400 billion yen in a new factory to be set up by TSMC in Kumamoto prefecture, southwest Japan, according to Nikkei s.nikkei.com .

TSMC said earlier this month it would build a $7 billion chip plant in Japan with Sony Group Corp, a move that was welcomed by the Japanese government.

The remaining 200 billion yen will go toward setting up other factories with several projects under consideration, including by U.S. memory chipmaker Micron Technology Inc and Japan'sKioxia Holdings, the report said.

Japan's chip-making sector, the world's biggest in the 1980s, has struggled to maintain its competitive edge, going into a steady decline in the past three decades, while rivals such as Taiwanese manufacturers gained ground.

TSMC, Micron and Kioxia did not immediately respond to Reuters' requests for comment.

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To: BeenRetired who wrote (4707)11/23/2021 10:00:50 AM
From: Unwelcomeguest
   of 4736
 
I think it was actually $550... ;-D

Anyway, so great to see this stock getting some love from the market. I sold my very long held shares in August and bought TSLA. Hope you guys have the same sort of appreciation in WDC.

UWG

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From: Sam11/23/2021 10:14:06 AM
1 Recommendation   of 4736
 
Micron, Western Digital upgraded at Mizuho on resilient demand
Nov. 23, 2021 7:42 AM ET

seekingalpha.com

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From: JCnieuwenj12/1/2021 5:52:49 AM
   of 4736
 
Quite an interesting summary of WDC in the last analyst meeting

seekingalpha.com

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