Western Digital Corp. today reported financial results for the fourth quarter and fiscal year ended June 27, 2014. For the fourth quarter, the company reported revenue of $3.7 billion and net income of $317 million, or $1.32 per share. On a non-GAAP basis, net income was $445 million or $1.85 per share. In the year-ago quarter, the company reported revenue of $3.7 billion, a net loss of $265 million, or $1.12 per share. Non-GAAP net income in the year-ago quarter was $477 million, or $1.96 per share.2

The company generated $713 million in cash from operations during the June quarter, ending with total cash and cash equivalents of $4.8 billion. During the June quarter, the company utilized $272 million to repurchase 3.2 million shares of common stock. On May 14, the company declared a $0.40 per common-share dividend, which was paid on July 15.

HGST, a Western Digital company (NASDAQ: WDC), today announced its next-generation of Ultrastar 12Gb/s SAS solid-state drives (SSDs) with capacities up to 1.6TB. Building upon its award-winning first generation 12Gb/s SAS SSDs, the new Ultrastar SSD800MH.B, Ultrastar SSD1600MM and Ultrastar SSD1600MR are the ideal building blocks for server and storage systems running today's performance-sensitive enterprise applications.

The Ultrastar SAS SSDs create new price/performance points by combining HGST's deep enterprise storage expertise developed over the last 50 years, HGST's customer-proven 12Gb/s SAS technology and Intel's 20 nanometer (nm) high endurance enterprise-grade MLC NAND memory. As a result, HGST's Ultrastar SAS SSDs excel in key total cost of ownership (TCO) metrics for enterprise applications, including transactions/$ and transactions/watt.

Western Digital rolled out a 12 TB variant of its My Book Duo external drive, which debuted last month in capacities originally up to 8 TB. The new 12 TB model comes with a pair of 6 TB WD Red hard drives pre-installed, which you can either use as independent volumes, or stripe in RAID 0 for transfer rates as high as 290 MB/s. Other RAID modes supported include RAID 1 and JBOD. The drive plugs into the host over a single USB 3.0 connection. It features an additional two USB 3.0 downstream ports, so you can plug in additional drives.

WD, a Western Digital company, and world leader in storage solutions, today announced the expansion of its award-winning WD Red line of SATA hard drives for home and small office NAS (network attached storage) systems with the release of a 5 TB and first-to-market 6 TB capacity for NAS-specific storage and the introduction of WD Red Pro hard drives that address the medium to large business NAS market. Compatibility-tested with top NAS system manufacturers and optimized for power and performance, WD Red 3.5-inch hard drives are now shipping in 1 TB to 6 TB capacities; and the new WD Red Pro 3.5-inch hard drives are available in 2 TB to 4 TB capacities.

"With the expansion and evolution of the WD Red family, WD once again is providing its loyal customers with increased capacity up to 6 TB; improved bay count support with up to 8 bays; increased product breadth with WD Red Pro; and more features with the latest generation of NASware technology," said Matt Rutledge, senior vice president and general manager, WD Storage Technology. "WD continues to listen to its customers and bring exciting innovation to the category they helped to create."

Western Digital Corp. (NASDAQ: WDC) announced today the appointment of Paula A. Price to its board of directors. Ms. Price, 52, is currently senior lecturer at Harvard Business School in the Accounting and Management Unit. She was executive vice president and chief financial officer of Ahold USA until January 2014. Ms. Price will be subject to re-appointment at the next Western Digital annual meeting of shareholders. Ms. Price has also been appointed to serve on the board's Audit Committee.

"I am very pleased to welcome Paula to the Western Digital board of directors," said Tom Pardun, chairman of the board. "Paula is an accomplished finance executive with broad general management and strategic experience in a distinguished career. Her perspective and judgment will allow for continued strong financial governance on our board." With this appointment, Western Digital's board now comprises 13 directors, 12 of whom are external and independent. Ms. Price also serves on the boards of directors for Accenture, Blue Cross Blue Shield of Massachusetts and Financial Guaranty Insurance Company, and on the board of overseers for the Museum of Fine Arts in Boston.

WD, a Western Digital company, and world leader in storage solutions for the connected life, today introduced My Book Duo, the newest member of its award-winning line of desktop storage solutions for home and office. Utilizing two drives, hardware-level RAID and USB 3.0, My Book Duo delivers massive capacity and file transfer speeds not available on single-drive solutions. Available in 4 TB, 6 TB and 8 TB capacities, My Book Duo also comes with software that creates secure local, cloud and system-level backups for complete data protection.

"From creative pros and expert consumers to everyday content creators - people with large amounts of data will find My Book Duo the fast and reliable way to offload content from their computers, organize it in a single location and protect it with backups, passwords and encryption," said Jim Welsh, executive vice president of content solutions and worldwide sales at WD. "My Book Duo offers super-fast transfer speeds, massive capacity and integrated WD Red drives to provide the ultimate desktop storage solution for all your digital libraries."

WD, a Western Digital (NASDAQ: WDC) company, and world leader in storage solutions, will be demonstrating the first PCI Express hard drives at Computex Taipei, June 3-4, 2014. Enabled with key technology partners, WD's prototype introduces the new SATA Express interface, a form of PCI Express technology, which is offered on recently launched Intel series-9 chipset motherboard platforms. The SATA Express interface provides a roadmap for faster speeds, lower power consumption and increased flexibility for future OEM designs.

The road to the world's first demonstration of SATA Express has been in development for almost 3 years. In 2011, SATA-IO, the group responsible for charting the future of SATA, announced that it was developing a new specification that would fundamentally change the core technology behind SATA by melding it with the more advanced PCI Express computer interface. In 2013, the SATA Express specification was announced; and just one year later, WD and selected partners have realized a prototype of what is expected to be the next generation of storage technology.

Western Digital Corp. today announced that the board of directors declared a cash dividend for the quarter ending June 27, 2014, of $0.40 per share of common stock (the "cash dividend"). The cash dividend will be paid on July 15, 2014 to the company's stockholders of record as of June 27, 2014.

The amount of future dividends under the company's dividend policy, and the declaration and payment thereof, will be based upon all relevant factors, including the company's financial position, results of operations, cash flows, capital requirements and restrictions under the company's existing credit agreement, and shall be in compliance with applicable law. The board retains the power to modify, suspend or cancel the company's dividend policy in any manner and at any time as it may deem necessary or appropriate in the future.

Western Digital Corp. today reported revenue of $3.7 billion and net income of $375 million, or $1.55 per share for its third fiscal quarter ended Mar. 28, 2014. On a non-GAAP basis, net income was $470 million or $1.94 per share.1 In the year-ago quarter, the company reported revenue of $3.8 billion, net income of $391 million, or $1.60 per share. Non-GAAP net income in the year-ago quarter was $514 million, or $2.10 per share.2

The company generated $697 million in cash from operations during the March quarter. During the quarter, the company utilized $244 million to buy back 2.8 million shares of common stock. It ended the quarter with total cash, cash equivalents and investments of $5.0 billion. On Feb. 6, the company declared a $0.30 per common-share dividend, which was paid on Apr. 15.

WD, a Western Digital company, and world leader in storage solutions for the connected life, today introduced My Passport Pro, the first portable, Thunderbolt-powered dual-drive solution, providing creative professionals and enthusiasts high performance and capacity in a truly mobile solution. For Mac systems, My Passport Pro has user-selectable RAID functionality to deliver needed performance for the most demanding applications in the field, without the need for power adapters or extra cables. My Passport Pro is available in 2 TB and 4 TB capacities.

"The only Thunderbolt dual-drive solution that's bus-powered, WD's My Passport Pro enhances the workflow of mobile creative professionals by providing fast transfers and data protection for the large amounts of digital content they generate outside the studio," said Jim Welsh, executive vice president of branded products and worldwide sales, WD. "From photographers, videographers and musicians to graphic designers and architects, people who depend on portable storage for their livelihood will find My Passport Pro defines a new level of performance, reliability and especially portability."

WD, a Western Digital company, and world leader in storage solutions for the connected life, today introduced My Passport AV-TV, a high-performance, compact media drive designed to simplify storage and playback of hundreds of hours of TV entertainment by connecting the My Passport AV-TV to TV's with a USB recording feature.

The My Passport AV-TV offers plug-and-play simplicity for easy integration and is available in 500 GB and 1 TB capacities. My Passport AV-TV is engineered for AV applications with high-speed error recovery and continuous streaming command support, providing accurate recording and smooth video playback of recorded content. Additionally, My Passport AV-TV uses less power and stays cool - even in a hot entertainment center full of electronic devices.

WD, a Western Digital company and a world leader in connected storage solutions, today expanded its prosumer personal cloud solutions with My Cloud EX2, a high-performance two-bay network attached storage (NAS) system. The My Cloud EX2 and My Cloud EX4 products are designed from the ground up for creative professionals and prosumers that need to reliably save, share, back up, stream and manage large amounts of digital data.

"WD is committed to providing a comprehensive portfolio of personal cloud solutions as the need for digital data storage continues to dramatically increase," said Jim Welsh, executive vice president, WD Branded Products and worldwide sales. "With the My Cloud EX series of products, customers will be thrilled with the advanced features, high-performance and reliability that only WD can provide."

WD, a Western Digital company and storage industry leader, today announced the availability of WD Purple, a purpose-built line of 3.5-inch, high-capacity hard drives for surveillance applications. Designed specifically for video surveillance units, WD Purple hard drives excel in new and existing home and small business security environments with up to eight hard drives and up to 32 high-definition (HD) video cameras. Shipping today, WD Purple hard drives are available in capacities from 1 TB up to 4 TB.

"By expanding our 'Power of Choice' product portfolio with WD Purple, we make it simple for our VARs, integrators and consumers to select the right drive engineered for their application and validated with our industry leading surveillance partners," said Matt Rutledge, senior vice president and general manager of WD's Storage Technology group. "WD optimized the WD Purple line of hard drives for surveillance applications to improve high-definition video playback, and operate in 24x7 workloads of surveillance environments."

WD, a Western Digital (NASDAQ: WDC) company and a world leader in digital storage solutions, today announced version 10.2 of WD Arkeia network backup software, featuring significant scalability improvements to the WD Arkeia patented Progressive Deduplication technology. WD Arkeia network backup software is a fast, easy-to-use, and affordable solution for small and medium sized businesses that ensures critical business data is backed up on both the local network and in the cloud.

"Backup solutions for businesses are going through a dramatic shift in technology," said Bill Evans, general manager of WD's business storage solutions group. "Advances in data deduplication, hard drive capacity, and wide-area network speeds allow companies to dispense with the error-prone process of trucking nightly backup tapes offsite. WD Arkeia 10.2 extends WD's hybrid cloud backup solution that offers the speed of LAN backups and the security of cloud storage. 'Seed and feed' for overnight transport of large backup sets delivers the flexibility of rapid data recovery when needed."

Western Digital Corp. (NASDAQ: WDC) today announced that the board of directors declared a cash dividend for the quarter ending Mar. 28, 2014, of $0.30 per share of common stock (the "cash dividend"). The cash dividend will be paid on Apr. 15, 2014 to the company's stockholders of record as of Mar. 28, 2014.

The amount of future dividends under the company's dividend policy, and the declaration and payment thereof, will be based upon all relevant factors, including the company's financial position, results of operations, cash flows, capital requirements and restrictions under the company's existing credit agreement, and shall be in compliance with applicable law. The board retains the power to modify, suspend or cancel the company's dividend policy in any manner and at any time as it may deem necessary or appropriate in the future.

Western Digital Corp. today reported revenue of $4.0 billion and net income of $430 million, or $1.77 per share for its second fiscal quarter ended Dec. 27, 2013. On a non-GAAP basis, net income was $532 million or $2.19 per share. In the year-ago quarter, the company reported revenue of $3.8 billion, net income of $335 million, or $1.36 per share. Non-GAAP net income in the year-ago quarter was $513 million, or $2.09 per share.

The company generated $727 million in cash from operations during the December quarter, ending with total cash and cash equivalents of $4.7 billion. During the quarter, the company utilized $150 million to buy back 2.0 million shares of common stock. On Nov. 13, the company declared a $0.30 per common-share dividend, which was paid on Jan. 15.

Western Digital is expected to end shipments of parallel-ATA (PATA or legacy ATA) hard drives from December 29, 2013. The company maintained a small lineup of PATA hard drives in its product stack, to cater to people with older laptops looking for hard drive upgrades, and whoever else may be using the old standard that was blasted into obsolescence exactly a decade ago, with the introduction of SATA and AHCI. Product discontinuation notifications (PDNs) for the company's last Caviar PATA hard drives, bearing model numbers WD800AAJB (80 GB), WD1600AAJB (160 GB), WD2500AAJB (250 GB), WD3200AAJB (320 GB), WD4000AAJB (400 GB), and WD5000AAJB (500 GB) were issued this may, soliciting the last orders from OEMs and distributors. The last of those orders will be fulfilled by the 29th, when the drives will enter end-of-life (EOL) state. The company will only honor active warranties from then on.

WD, a Western Digital company and world leader in digital storage solutions, and Baidu, China's largest search engine, have agreed to integrate Baidu Yun public cloud storage services with WD's personal cloud and external storage platforms to provide Chinese consumers a compelling, hybrid digital storage solution.

WD's My Cloud personal cloud drives, available now in China in capacities of 2 TB, 3 TB and 4 TB, enable consumers to organize, centralize and secure the digital content from all of their computers and mobile devices and access those files from any device and from anywhere in the world. WD's My Cloud EX4 high-performance four-bay network attached storage (NAS) solution, available now in China in 0 TB, 8 TB, 12 TB or 16 TB capacities, provides creative professionals, prosumers and workgroups a reliable way to save, share, back up, stream and manage massive amounts of digital data. The Baidu Yun service is a leading public cloud storage service provider with more than 100 million users. Consumers and businesses store content on Baidu Yun for easy access and sharing from any computer or mobile device.

WD, a Western Digital company and storage industry leader, today announced the release of the WD Black2 dual drive, a unique storage innovation that fuses a 2.5-inch 120 GB solid state drive (SSD) with a 1 TB hard disk drive (HDD) to offer a powerful dual drive solution. Perfect for consumers and service providers looking to upgrade notebooks, small form factor desktops, and single-slot and all-in-one (AIO) systems with both SSD level performance and HDD capacity, the WD Black2 dual drive connects through a single cable and fits into a conventional 9.5 mm slot.

"Our customers told us they like our Solid State Hybrid Drive technology, but our tech savvy users asked for more control of where they store their data," said Matt Rutledge, senior vice president of WD's Storage Technology business unit. "The WD Black2 dual drives empower our customers to enjoy SSD performance and access high capacity storage in a no-compromise package. The WD Black2 dual drive is a direct result of our interaction with our customer base through WD Labs initiatives. WD devised its beta labs program to provide an exclusive testing arena for key customers and technology influencers of existing and emerging WD storage products."

Western Digital Corp. today announced that Tim Leyden has been named chief financial officer, effective Nov. 18, and that Jim Murphy will succeed Leyden as president of the company's WD subsidiary. Both executives are experienced leaders from within the Western Digital organization.

Leyden, 62, has served Western Digital for more than 23 years in a variety of leadership positions, including tenures as CFO from 2007 to 2010 and chief operating officer from 2010 to 2012. At the time of Western Digital's acquisition of HGST in 2012, Leyden was named president of the WD subsidiary, leading that organization during a time of outstanding financial performance, operational excellence, and full recovery from the historic floods in Thailand. Leyden will succeed Wolfgang Nickl, who is resigning as CFO, effective Nov. 17, to join ASML in his native Europe.

Western Digital Corp. today announced that the board of directors declared a cash dividend for the quarter ending Dec. 27, 2013, of $0.30 per share of common stock (the "cash dividend"). The cash dividend will be paid on Jan. 15, 2014 to the company's stockholders of record as of Dec. 27, 2013.

The amount of future dividends under the company's dividend policy, and the declaration and payment thereof, will be based upon all relevant factors, including the company's financial position, results of operations, cash flows, capital requirements and restrictions under the company's existing credit agreement, and shall be in compliance with applicable law. The board retains the power to modify, suspend or cancel the company's dividend policy in any manner and at any time as it may deem necessary or appropriate in the future.

WD, a Western Digital company and storage industry leader, demonstrated its revolutionary heat assisted magnetic recording (HAMR) technology at the 2013 China (Ningbo) International Forum on Advanced Materials and Commercialization. WD's vice president of technology, Dr. William Cain, gave his presentation, 'Magnetic Hard Disk Media: Enabling High Density Data Storage,' on a PC powered by a fully enabled WD HAMR 2.5-inch hard drive.

"Analysts predict 25 trillion gigabytes of new data will be generated by 2020 and that average household storage needs in the U.S. will require as much as 3.3 TB by 2016," said Dr. Cain. "This tremendous growth in data requires continued increases in storage capacity and performance for the cloud, big data and consumer technologies. WD is focused on hard drive innovations that will enable future storage capabilities, and HAMR technology is a key step in the migration path."

WD, a Western Digital company, today introduced the My Passport Air 1 TB, the only 1 TB portable hard drive for Mac users available in a stylishly thin all-aluminum enclosure. With 1 TB of storage capacity, customers will be able to take all their digital photos, music, video, on the go, and still have enough room to save all the new content they capture along the way. The ultra-slim design of My Passport Air complements the popular MacBook and MacBook Air form factors with an all-aluminium exterior to give enhanced protection to the drive and its contents. Seamless, out-of-the-box operation with Mac computers, including Time Machine, provides additional reassurance that valuable digital content is protected.

The My Passport Air portable hard drive allows users to password protect access to their drive and hardware encrypts its contents, providing powerful protection of personal material. In addition, its USB 3.0 interface dramatically increases read/write speeds to help users manage, share, and enjoy digital content at a pace that is commensurate with the schedules of today's mobile consumer.

WD, a Western Digital company and a world leader in storage solutions for the connected life, today expanded its recently introduced My Cloud family of personal cloud solutions with My Cloud EX4, a high-performance four-bay network attached storage (NAS) solution for creative professionals, prosumers, workgroups and anyone looking for a reliable way to save, share, back up, stream and manage massive amounts of digital data.

"The reception for our recently introduced My Cloud personal cloud platform was extremely positive," said Jim Welsh, executive vice president and general manager of WD's branded products and consumer electronics groups. "Our single drive My Cloud system is the perfect solution for users that want an easy and private way to store all of their data at home and then share, save and manage it from anywhere in the world, on any device. Expanding our My Cloud platform to a four-bay system delivers the advanced features, customization capability and capacity that many of our customers are looking for."

Western Digital Corp. (NASDAQ: WDC) announced today the pricing of the previously announced underwritten secondary public offering of 10,869,566 shares of its common stock by Hitachi, Ltd. (the "Selling Stockholder"), at a price to the public of $67.00 per share. The Selling Stockholder has also granted the underwriters a 30-day option to purchase up to an additional 1,630,434 shares.

An aggregate amount of 25 million shares of the company's common stock were issued to the Selling Stockholder in connection with Western Digital's acquisition of Viviti Technologies Ltd., formerly known as Hitachi Global Storage Technologies Holdings Pte. Ltd., in March 2012. Upon completion of the offering, the Selling Stockholder will beneficially own 14,130,434 shares of the company's common stock (12,500,000 shares if the underwriters exercise in full their option to purchase additional shares) and will continue to have two designated directors on the company's board of directors pursuant to the terms of an investor rights agreement between the company and the Selling Stockholder.