Western Digital Corp. (NASDAQ: WDC) today announced the appointments of Tim Leyden and Mike Cordano as presidents of the company's WD and HGST subsidiaries, respectively, reporting to Steve Milligan, president of Western Digital Corporation. Milligan reports to John Coyne, who continues in his role as chief executive officer of Western Digital Corporation.

Before the acquisition of HGST by Western Digital in March 2012, Leyden served as chief operating officer of Western Digital and Cordano served as executive vice president, sales and marketing and president, branded business division of HGST.

Why is July 11th 2012 a big day for Western Digital and the storage industry? The reason is exciting; the data storage expert is to launch, on that day, their new line of product, the Red drives. Bringing to the market a drive made especially for NAS devices, WD Red drives combine with a Thecus NAS will show the storage world what digital data is all about.

WD Red hard drives are designed specifically for NAS systems that range from 1 to 5 bays. The drives are designed and extensively tested for compatibility in the unique 24x7 demanding system requirements of home and small office NAS. Already tested by Thecus engineers, the Red series have passed the test with many of our devices. As announced at the launch, the NAS listed below were showing great performances with the Red HDD mounted inside:

WD, a storage industry leader, today announced the debut of WD Red NAS hard drives, an innovative line of SATA hard drives specifically designed for home and small office NAS (network attached storage) systems with one to five drive bays. Compatibility-tested with top NAS box manufacturers and optimized for power and performance, WD Red hard drives are now shipping in 3.5-inch 1 TB, 2 TB and 3 TB capacities.

The WD Red line features NASware technology, designed to improve reliability and system performance, reduce customer downtime and to simplify the integration process. This new product line addresses the unique environment of NAS and the growing demand for affordable, reliable and compatible storage that reduces customer total cost of ownership. WD Red hard drives also feature 3D Active Balance Plus, an enhanced balance control technology, which significantly improves the overall drive performance and reliability. In an exclusive for WD Red customers, WD is offering free premium 24x7 dedicated support and a three-year limited warranty.

Western Digital, the world's leader in external storage solutions and maker of the popular WD TV media player family, today unveils its first line of wireless home networking products, designed specifically to accelerate movies, video and gaming, delivering a premium high-definition entertainment experience. With the My Net family of powerful and easy-to-use home networking products, WD debuts its exclusive FasTrack technology that instantly detects entertainment traffic on the network and fast-forwards it to gaming consoles, media players, smart TVs, tablets, smartphones, computers and other Wi-Fi connected devices.

Western Digital Corp. today announced that it is transferring its stock exchange listing to NASDAQ Global Select Market from the New York Stock Exchange. WD shares will begin trading on the NASDAQ exchange beginning June 1, 2012, and the ticker symbol will remain WDC.

"This is part of a new beginning for the new WD following our recent acquisition of HGST to become one of the world's leading storage solutions providers," said John Coyne, chief executive officer. "WD is focused on achieving sustained profitable growth and delivering value to our customers and shareholders. Listing our shares with NASDAQ provides us with a cost-effective stock listing and excellent services and public exposure."

Western Digital Corp. (NYSE: WDC) today announced an increased authorization of $1.5 billion of its common stock under its share repurchase program.

The additional repurchase authorization is effective immediately and extends the program by five years, during which time additional shares can be authorized for repurchase. The amount of purchases will depend on market conditions and corporate considerations. Share repurchases will be made on the open market.

Western Digital Corp. today announced that it has appointed Kensuke Oka and Masahiro Yamamura to its board of directors, effective May 17, 2012. Mr. Oka is president and CEO of Hitachi America, Ltd., and Mr. Yamamura is corporate officer, general manager of the Semiconductor Business Division of Hitachi, Ltd.

"The additions of Mr. Oka and Mr. Yamamura offer our leadership team vital insight as we operate WD and HGST as independent subsidiaries in the competitive hard drive industry," said Thomas Pardun, WD chairman of the board. "Both have deep executive management experience leading operations in the electronics and industrial systems industries, primarily for Hitachi, providing new perspectives to WD as we continue our focus on sustained profitable growth."

HGST (formerly Hitachi Global Storage Technologies and now a Western Digital company, NYSE: WDC) today announced a new family of CinemaStar 2.5-inch hard disk drives (HDDs) for the growing traditional and small form factor audio/video (A/V) and consumer electronics (CE) HDD markets. With continued technological advancements and increased capacities, 2.5-inch hard drives are satisfying the needs of both the traditional 3.5-inch CE market as well as the small form factor market, while allowing OEMs to design smaller, more compact A/V streaming devices.

From slim 7mm z-height 500GB HDDs to high-capacity, 2.5-inch, 9.5mm 1TB HDDs, HGST's new CinemaStar family targets the vast majority of CE capacity needs, while providing the right balance of performance, low power and quiet acoustics for multi-stream digital video recorders (DVRs) and set-top-boxes (STBs). Now in its sixth generation, each CinemaStar drive is fine-tuned with advanced streaming technology to efficiently optimize the 24/7 recording and playback of A/V content.

Western Digital Corp. today announced that it has completed its divestiture of certain 3.5-inch hard drive assets to Toshiba Corporation, as required by regulatory agencies that conditionally approved the company's completed acquisition of Viviti Technologies Ltd. (formerly Hitachi Global Storage Technologies).

The assets will enable Toshiba to manufacture and sell 3.5-inch hard drives for the desktop and consumer electronics markets and will enhance its ability to manufacture and sell 3.5-inch hard drives for near-line (business critical) applications.

HGST (formerly Hitachi Global Storage Technologies and now a Western Digital company) today announced the storage industry's first technology demonstration of a 12 gigabit per second (12 Gb/s) SAS solid state drive (SSD), representing the next performance step in the evolution of SAS, the preferred interface technology for enterprise servers and storage solutions. HGST is participating in the 12 Gb/s SAS demonstration at the SCSI Trade Association Technology Showcase on May 9, 2012, at the Hyatt Hotel in Santa Clara, Calif.

SAS SSDs and hard disk drives (HDDs), with their rich SCSI heritage, continue to be the building blocks of choice for enterprise and cloud storage. Enabling next-generation storage solutions, 12 Gb/s SAS is a broadly supported industry standard as it delivers twice the throughput compared to today's 6 Gb/s SAS solutions, while maintaining established enterprise protocols and attributes. It is also backward compatible with 6 Gb/s SAS for investment protection in current SAS infrastructures.

Western Digital Corp. today reported revenue of $3.0 billion, hard-drive unit shipments of 44.2 million and net income of $483 million, or $1.96 per share, on a GAAP basis for its third fiscal quarter ended March 30, 2012. On a non-GAAP basis, net income was $619 million, or $2.52 per share. Both the GAAP and non-GAAP results include the results of the company's newly acquired HGST subsidiary from the acquisition date of March 8 through the end of March. In the year-ago quarter, the company reported revenue of $2.3 billion, net income of $146 million, or $0.62 per share, and shipped 49.8 million hard drives. Non-GAAP net income in the year-ago quarter was $156 million, or $0.66 per share.

The company generated $1.2 billion in cash from operations during the March quarter, ending with total cash and cash equivalents of $3.4 billion.

Western Digital today announced it is now shipping the new WD VelociRaptor 1 TB hard drive, the latest addition to its award-winning drive family, the largest capacity 10,000 RPM hard drive on the market today. Designed for high-performance PCs, Mac computers and professional workstations that require a balance of high performance and capacity, the WD VelociRaptor drive is a favorite among enthusiasts and creative professionals. The WD VelociRaptor will also come in capacities of 500 GB and 250 GB.

Leveraging enterprise-class mechanics to provide 24x7 durability under high-performance workloads, the new WD VelociRaptor 1 TB hard drive is geared for creative professionals who demand the ultimate SATA drive. Creative pros use write-intensive applications that manage large, dynamic files; for example, video editing and digital content creation and management, which ultimately put a strain on storage devices that utilize write-challenged NAND memory for performance enhancement. WD VelociRaptor's outstanding read and write performance across the entire disk capacity makes it a perfect match for the creative professional and enthusiast who want to optimize their tools, enhance productivity, and increase storage space at the same time.

Western Digital, a worldwide storage leader, today announced it is shipping the WD Scorpio Blue 7 mm hard drive, the latest addition to its mobile hard drive family and the 2.5-inch drive with the lowest power consumption on the market today. Specified to a best-in-class 400Gs shock tolerance, the new single-platter WD Scorpio Blue small form factor hard drives are available in 500 GB and 320 GB capacities and the drives' compatibility with industry-standard 9.5 mm slots make them ideal storage options for mainstream notebooks as well as slimmer notebook and Ultrabook devices that require a 7 mm drive height.

"Consumers want thin and light personal computers, but the limited storage capacity of SSD-based notebooks forces them to pick and choose what files to bring from their library," said Matt Rutledge, vice president and general manager for WD client storage products. "With the release of the new WD Scorpio Blue 7 mm mobile hard drives, WD is able to offer capacity, reliability and data-protection features combined with excellent power management all in a slim form factor perfect for thin and light notebooks."

Western Digital today introduced the first 2 TB capacity portable drive dedicated for Mac customers, My Passport Studio. This new standard in high storage capacity, along with Apple Time Machine compatibility for quick and easy automatic backup of Mac hard drives, allows Mac users to use one drive for the protection and transport of virtually all their digital content, everywhere they go.

The new My Passport Studio portable drive maintains its elegant and protective all-metal casing to complement the MacBook Pro or MacBook Air, providing the beautiful aesthetic that Mac users expect while increasing storage capacity to 2 TB, enough space for approximately 400,000 photos, 240 hours of video or 500,000 songs.

HGST (formerly Hitachi Global Storage Technologies and now a Western Digital company) today introduced the world's first 4 TB enterprise-class hard drive family, the Ultrastar 7K4000.

Ushering in a new generation of 512e Advanced Format drives, the Ultrastar 7K4000 family provides space-efficient, high-performance, low-power storage for traditional enterprises as well as for the explosive big data and cloud/Internet markets where storage density, watt-per-gigabyte and cost-per-GB are critical parameters. Hungry for massive storage, cloud and Internet businesses are redefining the datacenter by designing new types of servers and storage architectures to help manage explosive petabyte (PB) growth. Critical to their datacenter infrastructure is the ability to scale and efficiently manage performance, power and storage space to help reduce total cost of ownership (TCO).

Western Digital today announced the next generation of its top-selling My Passport line of portable hard drives, offering consumers a fresh new enclosure design and the first-ever 2 TB capacity in a portable drive.

Now available in five popular colors: white, black, silver, blue, and red, with a range of capacities beginning from 500 GB, the new sleeker My Passport portable drives offer digital consumers an appealing array of storage options that reflect their personal style. Additionally, the new My Passport drives offer WD SmartWare automatic backup software and WD Security for password protection and hardware encryption.

Western Digital, the world's leader in external storage solutions, is now shipping its first external hard drive with Thunderbolt technology - the My Book Thunderbolt Duo dual-drive storage system.

The new My Book Thunderbolt Duo provides professionals and Mac enthusiasts with five primary areas of performance, double-safe data protection and flexibility; ultra-fast data transfer rates for greater work efficiency; a 4 TB/6 TB large-capacity; customized dual-drive storage system with RAID 0, 1 and JBOD options; customer serviceable drives; and dual Thunderbolt ports for daisy-chaining multiple My Book Thunderbolt Duo devices or other peripherals.

Western Digital Corp. today announced that it has completed its acquisition of Viviti Technologies Ltd. (formerly Hitachi Global Storage Technologies), effective Mar. 8, 2012, for $3.9 billion in cash and 25 million shares of WDC common stock valued at approximately $0.9 billion. Hitachi, Ltd. now owns approximately 10 percent of WDC shares outstanding, and it has the right to designate two individuals to the board of directors of WD.

The new WD will operate with WD Technologies (WD) and HGST as wholly owned subsidiaries. Aggregated revenues of the two companies in 2011 were $15 billion. As chief executive officer of WD, John Coyne heads up the new office of the CEO, with Steve Milligan as president, Tim Leyden as chief operating officer and Wolfgang Nickl as chief financial officer.

Western Digital (WD), secured an approval (conditional), from the European Union regulator in-charge of competition that enables it to go ahead and purchase Hitachi's hard disk drive business. WD is purchasing Hitachi's HDD assets for US $4.3 billion. "The proposed divestiture will ensure that competition in the industry is fully restored before the merger is implemented," EU Commissioner Joaquin Almunia said in a statement. What makes the EU approval conditional is the fact that WD had to first agree to sell several of its production operations, which it did, to Toshiba, early this month.

Western Digital, a leader in the desktop, mobile, high-capacity enterprise and consumer markets for hard drives, today announced the availability of its third-generation WD S25 SAS hard drives, serving the performance-optimized, mission-critical enterprise server and storage market. Shipping now, the new 2.5-inch, 10,000 RPM, WD S25 with SAS 6 Gb/s interface hard drives offer IT professionals a more advanced array of ultra-reliable and efficient, high-performance storage, available in capacities of 300 GB, 450 GB, 600 GB, and 900 GB. The WD S25 line is designed for the most demanding applications such as online transaction processing and multi-tiered networked storage arrays.

Western Digital, the world's leader in digital storage solutions, has announced that it is offering to customers of its WD Sentinel DX4000 storage server an offsite data storage service that improves data protection for the small business owners who rely on WD Sentinel to protect their precious business information. WD partnered with KeepVault, which was recently added to the AuthenTec line of services, to serve WD's Sentinel small office storage server customers.

Toshiba Corporation (TOKYO:6502) today announced that it has entered into a definitive agreement with Western Digital Corporation (NYSE: WDC) on Toshiba's acquisition of certain of Western Digital's 3.5-inch HDD manufacturing equipment and related intellectual property, and the transfer to Western Digital of Toshiba Storage Device (Thailand) Co., Ltd. (TSDT), Toshiba's wholly-owned HDD manufacturing subsidiary located in Thailand.

Toshiba and Western Digital aim to complete the acquisition and transfer by March of this year after obtaining approval from the relevant authorities. Under the agreement, Toshiba will acquire the following equipment and intellectual property from Western Digital.

• Manufacturing equipment for 3.5-inch HDDs for use in desktop PCs and other consumer applications, plus related intellectual property; and
• Manufacturing equipment for near-line HDDs for server applications.

Western Digital Corp. (NYSE: WDC) today reported that it has reached an agreement with Toshiba Corporation to divest certain assets to address the requirements of regulatory agencies that have conditionally approved or are continuing to review the company's planned acquisition of Hitachi Global Storage Technologies (HGST). The asset package covered by the agreement will enable Toshiba to manufacture and sell 3.5-inch hard drives for the desktop and consumer electronics markets and will enhance its ability to manufacture and sell 3.5-inch hard drives for near-line (business critical) applications. The divestiture transaction is subject to review by regulatory agencies in certain jurisdictions.

WD also reported that it has agreed, subject to completion of the divestiture transaction, to purchase Toshiba Storage Device (Thailand) Company Limited (TSDT). TSDT manufactured hard drives but has not resumed operations after the recent Thailand flooding. The principal assets of TSDT are its Thailand property, facilities and employees. Subject to completion of the transaction, WD plans to integrate these facilities and employees into its Thailand operations. The financial terms of the two agreements were not disclosed.

Twentieth Century Fox Home Entertainment, Warner Bros. Home Entertainment Group, SanDisk, and Western Digital today revealed "Project Phenix" (working title), an initiative that will give consumers an easier and faster way to organize, store and move their high definition digital movies and TV shows - including new releases in up to full 1080p quality - across multiple devices. In addition to local storage, the content will also be backed up via the UltraViolet industry standard as well as other cloud-based services.

The project is being developed by the newly formed Secure Content Storage Association (SCSA). Established as an LLC, this coalition will create and license solutions that secure high definition and other premium copyright-protected content on local and portable hard drives, and flash memory products such as USB flash drives, SD cards and solid state disk drives (SSDs). Once content is downloaded to a hard drive or flash memory product, it could then be accessed, online or offline, on any SCSA-enabled device such as a connected TV, laptop, Blu-ray player, tablet, mobile phone or game console. The optimized content will be made easily available for purchase via digital download, digital files bundled with physical media, kiosks in retail stores, or other means of secure digital delivery.

In what could alleviate high prices of hard disk drives (HDDs) after the devastating flood in Thailand that affected HDD foundries, industry sources predict that the reconstruction efforts of these foundries, led by Western Digital, will pay off to a large extant. In Q1 2012 alone, global volumes of HDDs are expected to restore to 80% of what they were before the floods. The global production of HDDs will increase to 140-145 million units.

HDD vendors across the board have exhausted their inventories in Dec-Jan when they supply PC/notebook ODMs their inventories of HDDs, but they haven't hiked quotes due to the off-season that followed. However, the flood situation isn't the only factor that will affect HDD prices. With increase in prices of raw materials, components, and labour-costs, HDD prices are expected to go up 30-40%.