Western Digital Buyback
OLI recorded this information on 2/4/2015
The board also authorized an additional $2.0 billion for share repurchases by the company. As of Feb. 2, 2015, the company had approximately $384 million remaining under prior share repurchase authorizations. The additional repurchase authorization is effective immediately. Share repurchases will be made on the open market or in privately negotiated transactions and may be made pursuant to Rule 10b5-1 plans.
Western Digital develops, manufactures, and provides data storage devices and solutions. Co.'s portfolio of technology and products address the following markets: Client Devices; Data Center Devices and Solutions; and Client Solutions. Co.'s Client Devices consist of hard disk drives (HDDs) and solid state drives (SSDs), flash-based embedded storage products, and flash-based memory wafers and components. Co.'s Data Center Devices and Solutions consist of enterprise HDDs, SSDs, and platforms. Co.'s Client Solutions consist of HDDs and SSDs embedded into external storage products and removable flash-based products, which include cards, universal serial bus flash drives and wireless drives.
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Strong Buy (3.55 out of 4)