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Western Digital Corporation (WDC) [hlAlert]

Rating:
Neutral WDC

Western Digital Corporation (WDC) rated Neutral by FTN Midwest

Posted on: Wednesday,  Mar 5, 2008  8:25 AM ET by FTN Midwest

Western Digital (WDC)
rated Neutral by FTN Midwest.

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.

Having access to accurate and timely information is essential for success in today's marketplace. At FTN Midwest, our focus is on providing thorough and objective research to our clients, empowering them to make the well-informed and educated decisions that help enhance their investment process. Our highly experienced team of analytical experts research, examine, and evaluate businesses in several markets, including consumer, health care, business and technology services, and financial service sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/5/2008 8:25 AM Hold
None
31.60
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 %

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