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Western Digital Corporation (WDC) [hlAlert]

Rating:
Hold WDC

Western Digital Corporation (WDC) rated Hold

Posted on: Monday,  Dec 3, 2007  1:25 PM ET by Lehman Brothers

Western Digital (WDC) rated
Equal-weight with price target $32 by Lehman Brothers.

Western Digital Corporation (WD) designs, develops, manufactures and sells hard drives. The Company sells its products worldwide to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) for use in computer systems, subsystems or consumer electronics (CE) devices, and to distributors, resellers and retailers. Its hard drives are used in desktop computers, notebook computers, and enterprise applications, such as servers, workstations, network attached storage, storage area networks and video surveillance equipment. Additionally, its hard drives are used in CE applications, such as digital video recorders (DVRs), and satellite and cable set-top boxes (STBs). WD also sells its hard drives as stand-alone storage products and integrates them into finished enclosures, embedding application software and offering the products as WD-branded external storage appliances. On March 27, 2009, it completed the acquisition of SiliconSystems, Inc.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/3/2007 1:25 PM Hold
None
27.76 32.00
as of 12/24/2008
1 Week down  -5.61 %
1 Month up  8.51 %
3 Months up  62.76 %
1 YTD down  -31.47 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/11/2007 9:25 AM Hold
None
23.64 25.00

(*) Stock Price at the time of the recommendation.
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