Western Digital Corp. today reported revenue of $3.8 billion and net income of $495 million, or $2.05 per share for its first fiscal quarter ended Sept. 27, 2013. On a non-GAAP basis, net income was $514 million or $2.12 per share. In the year-ago quarter, the company reported revenue of $4.0 billion, net income of $519 million, or $2.06 per share. Non-GAAP net income in the year-ago quarter was $594 million, or $2.36 per share.

The company generated $680 million in cash from operations during the September quarter, ending with total cash and cash equivalents of $4.9 billion. During the quarter, the company utilized $150 million to buy back 2.3 million shares of common stock. On Sept. 19, the company declared a $0.25 per common share dividend, which was paid on Oct. 15.

Western Digital Corp. announced today that it has completed the acquisition of Virident Systems, Inc., a leading provider of server-side flash storage for virtualization, database, cloud computing, and webscale applications. Virident will be integrated into HGST, a wholly owned subsidiary of Western Digital. The acquisition furthers HGST's strategy to address the rapidly changing needs of enterprise customers by delivering intelligent storage solutions that maximize application performance by leveraging the tightly coupled server, storage and network resources of today's converged datacenter infrastructures.

The Virident acquisition follows HGST's recent purchase of sTec, an early innovator in enterprise solid-state drives (SSDs) and VeloBit, an advanced I/O optimization software company. These investments expand HGST's presence in the rapidly growing and strategic enterprise SSD space, which IDC predicts will grow from $2.5 billion in revenue in 2012 to $7.2 billion in revenue by 2017.

HGST, a Western Digital company, today announced that it is shipping its new MegaScale DC 4000.B, a 3.5-inch, 4 TB, 6 Gb/s SATA hard disk drive (HDD). As the company's second-generation MegaScale drive, the new MegaScale DC 4000.B has been further optimized based on customer feedback to meet the explosive growth of infrequently accessed data, while balancing the right mix of power, capacity, performance and reliability. As part of a tiered storage strategy, the MegaScale DC 4000.B is designed for low-workload applications such as bulk storage for unstructured or big data, disk-to-disk backup, online archives, or long-term data retention where cost-per-GB, watt-per-GB and GB-per-square foot are critical parameters.

"With the explosive adoption of free email, social networks and Internet services, the capacity requirements for cloud and hyperscale data centers are growing astronomically. These environments are constantly looking for ways to improve their storage infrastructure costs and the bottom line," said Brendan Collins, vice president of product marketing, HGST. "As a leading drive supplier to some of the world's largest cloud data center providers, we understand the demanding storage requirements for low workload applications in these hyperscale environments. With the MegaScale DC 4000.B, we're delivering massive capacity in a low-power, performance-optimized drive to help customers achieve superior capital savings, operational efficiencies and energy conservation in the data center."

WD, a Western Digital company (NASDAQ: WDC) and world leader in digital storage solutions, today expanded its small- and medium-sized (SMB) storage solution portfolio with the introduction of the new WD Sentinel DS5100 and WD Sentinel DS6100 (S-series) ultra-compact network storage plus servers. The WD Sentinel S-series features high-performance Intel Xeon processors and are pre-installed with Windows Server 2012 R2 Essentials. All WD Sentinel network storage products feature WD enterprise-class hard drives and these 4-bay WD Sentinel S-series desktop appliances offer up to 16 TB of raw storage. Additionally, unlike traditional NAS systems, the WD Sentinel S-series allows small businesses to run line-of-business applications on their network storage platform.

"WD is using enterprise-class components to build a new family of network appliances for small businesses," said Bill Evans, general manager of WD's business storage solutions group. "The WD Sentinel S-series network appliances are engineered with Intel Xeon processors, pre-populated with WD Se datacenter 3.5-inch hard drives for rapid deployment, and feature dedicated 2.5-inch boot drives for maximum reliability. No other vendor offers a comparable network storage plus server in an equally small form factor. With a small footprint and quiet fan, an S-series appliance can be deployed anywhere."

WD, a Western Digital company and a world leader in storage solutions for the connected life, today introduced its new My Cloud family of personal cloud solutions. WD's My Cloud is a complete solution for users to organize, centralize and secure the digital content from all of their computers and mobile devices and access those files from any device, from anywhere in the world. By simply connecting a My Cloud personal cloud drive to the Internet, consumers get the anywhere, any-device access they can get from the public cloud, without having to pay monthly fees or giving up control of their personal data.

"We believe that there's no place like home for the cloud," said Jim Welsh, executive vice president and general manager of WD's branded products and consumer electronics groups. "Everyone is inundated with thousands of digital files scattered across multiple computers and mobile devices, and controlling that chaos is a challenge. WD's personal cloud is the easiest, most secure and most affordable way for customers to control that chaos, with access to all of their files anywhere, anytime."

HGST today announced that it is shipping its new Endurastar J4K320 family, a single-platter hard disk drive (HDD) specifically designed for the automotive infotainment and telematics markets. As HGST's sixth generation automotive HDD, the new Endurastar J4K320 family is based on proven technology, provides the industry's highest automotive HDD capacity at 320GB (220% more capacity than its predecessor) and is built to operate in extreme and varying temperatures and altitudes.

The requirements for automotive-class hard drives are quite different from hard drives designed for personal computers or other stationary consumer electronic devices. These drives must go through a stringent qualification process as in-car manufacture installations or after-market solutions can face the most extreme conditions - from high altitudes in the Alps to searing heat in the Sahara Desert. The Endurastar J4K320 operates at altitudes of up to 5500 meters (18,044.62 feet), supports an operating temperature range of -30°C to +85°C (-22°F to 185°F), and has improved operating shock tolerance of 300G (2ms) and a non-operating shock of 800G (ms) for extra reliability and data protection when driving on damaged or unpaved roads.

Western Digital Corp. today announced that chief financial officer Wolfgang Nickl is resigning effective Nov. 17, 2013 to become chief financial officer at ASML Holding N.V. (ASML) in the Netherlands. Nickl has served as Western Digital's chief financial officer since August 2010. Prior to that time, Nickl served in other positions within the company's finance and operations groups. Nickl will continue to direct WDC's worldwide finance activities until his departure date.

In joining ASML, Nickl will be returning with his family to his native Europe. The company is in the process of conducting a search for a new chief financial officer.

WD, a Western Digital company, has redesigned its popular My Book and My Book for Mac lines of external desktop drives to provide as much as 4 TB storage capacity and enhanced data protection for those who create and collect large volumes of data, video, music and photos.

With USB 3.0 for speed, the new My Book lines are available in 2 TB, 3 TB and 4 TB capacities for the largest content collections. At any point in time, anything can happen to one's data. Whether it's a lost notebook or destructive virus, it's critical to keep data safe and maintain a backup of important documents and valued content.

Western Digital Corp. today announced that the board of directors declared a cash dividend for the quarter ending Sept. 27, 2013, of $0.25 per share of common stock (the "cash dividend"). The cash dividend will be paid on Oct. 15, 2013, to the company's stockholders of record as of Sept. 30, 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.

SanDisk Corporation (NASDAQ: SNDK), a global leader in flash memory storage solutions, today announced that is has appointed D. Scott Mercer to its board of directors. Mr. Mercer brings to SanDisk more than 30 years of experience in the technology industry, in both senior executive and board positions. "We are pleased to welcome such a recognized industry executive to SanDisk's board," said Sanjay Mehrotra, president and chief executive officer, SanDisk. "Scott further deepens and strengthens the leadership capabilities of our board, and brings valuable experience in the storage industry."

Mr. Mercer also currently serves as a Director of Polycom, Inc. and QLogic Corporation. Previously, Mr. Mercer was the Chief Executive Officer, Director and Chairman of the Board of Conexant Systems, Inc., interim Chief Executive Officer and Director at Adaptec, Inc., and served as the Chief Financial Officer of Western Digital Corporation. Mr. Mercer also held senior operating and finance roles at Dell, Inc., LSI Corporation and PricewaterhouseCoopers. Mercer has previously held board positions at Palm, Inc., SMART Modular Technologies (WWH), Inc., Alantec Corporation, NetRatings, Inc., and several private companies. He holds a B.S. in Accounting from California Polytechnic University.

Western Digital Corp. (NASDAQ: WDC) announced today that its board of directors met in China, concluding two days in Beijing. The board is next traveling to Shenzhen SEZ, Guangdong Province, for site visits and additional meetings. "China is both a very important market for Western Digital as well as a key manufacturing base," said Steve Milligan, president and chief executive officer, Western Digital Corporation. "As China further develops its technology industries, we look forward to expanding our relationships with a wide range of Chinese entities for the benefit of our shareholders, as well as our Chinese partners."

Over the course of its two days in Beijing, the board discussed China's development and future trends with a diverse group of Chinese and international experts. A highlight of the Beijing portion of the visit was a meeting with Chinese Vice Premier Wang Yang. "The board is extremely impressed by China's growth and development plans, as explained by the Vice Premier, and appreciative of the support the Chinese government has extended to Western Digital Corporation in this exciting market," said Western Digital board chairman, Thomas E. Pardun. Pardun also added that it was important for the board to see firsthand Western Digital's operations in this key economy.

Western Digital Corp. announced today that it has completed the acquisition of sTec, Inc., an early innovator in enterprise solid-state drives (SSDs). sTec will be integrated into HGST, a wholly owned subsidiary of Western Digital. The acquisition augments HGST's existing solid-state storage capabilities, accelerating its ability to expand its participation in the rapidly growing area of enterprise SSDs.

Completion of the sTec acquisition follows HGST's recent purchase of VeloBit, an advanced SSD caching software company, and the proposed acquisition of Virident, an innovative provider of server-side flash storage solutions. Collectively these building blocks expand HGST's presence in the enterprise SSD space, which IDC predicts will grow from $2.5B in revenue in 2012 to $7B in revenue by 2017.

Keeping up with its product roadmaps, Western Digital rolled out WD Green 4 TB hard drive (model: WD40EZRX). Designed for personal desktops that need energy-efficient, high-capacity storage, the drive offers 4000 GB of unformatted space, which should yield about 3.6 TB under a Windows NTFS file-system. Built in the 3.5-inch form-factor, the drive features SATA 6 Gb/s interface, variable sub-6,000 RPM spindle-speeds, 64 MB cache, and acoustics management. When spinning and idling, the drive is designed to draw about 3.3W, which goes up to 4.5W under stress, and just 0.4W, when the drive is parked and spun-down. Available now, the WD Green 4 TB is priced between $170 and $190, depending on what package you choose.

Western Digital Corp. and Virident Systems, Inc. announced today that they have entered into a definitive merger agreement under which Virident, a provider of server-side flash storage solutions, will be acquired by HGST, a wholly owned subsidiary of Western Digital. Virident will be acquired for approximately $685 million in cash. This represents approximately $645 million in enterprise value, net of Virident's estimated cash balance at closing.

Virident is a technology leader in one of the fastest growing segments in enterprise and cloud computing. Virident solutions enable enterprises to tackle performance-intensive datacenter applications with PCIe-based enterprise flash storage solutions for virtualization, database, cloud computing, and webscale applications. Virident's FlashMAX II can be installed in any server and provides the highest capacity in a single low-profile card, enabling organizations to maximize the use of valuable datacenter space, reduce datacenter sprawl and provide uncompromising performance. In addition, the company's FlashMAX Connect is the industry's first software suite to deliver a shared server-side flash storage tier with enterprise-class reliability.

So you're planning on building a NAS system. You've already selected your NAS unit (a Thecus, of course), but you're wondering what drives to put inside. SSDs? Nah, too pricey and a little small. So HDDs it is. But which ones do you buy? Are they all made the same? What speed RPM and what buffer size would be best for a NAS environment? If only HDD manufacturers would start building custom drives for network storage!

It just so happens, dear user, that today is your day. Western Digital has officially announced the release of its latest NAS-specific Red HDDs: the RD1000M and the RM500M. Designed specifically for Network Attached Storage systems, these latest members of the Red family feature 4TB of storage in a 3.5" enclosure (RD1000M) and 1TB or 750GB of storage in a 2.5" enclosure (RM500M).

WD, a Western Digital company, today announced the availability of its My Passport Slim line of portable hard drives, the first thin drives to offer up to 2 TB capacity, a metal enclosure, and 256-bit hardware-based encryption. The included WD SmartWare Pro data protection software allows users to back up their data to their My Passport Slim and keep an extra copy in their Dropbox account for peace-of-mind. The software also lets users back up their Dropbox account to the My Passport Slim. These features make the My Passport Slim an ideal choice for protecting, storing, and enjoying digital content on the go.

Available in 1 TB and 2 TB capacities, the My Passport Slim measures a scant 4.33 x 3.14 x 0.48-inches, giving mobile consumers an easy and convenient way to transport their favorite music, movies, photos and documents.

WD, a Western Digital company and storage industry leader, today announced the expansion of its category-leading WD Red line of SATA hard drives specifically designed for home and small office NAS (network attached storage) systems with one- to five-drive bays. WD Red hard drives are now available in a 2.5-inch form factor offering 1 TB and 750 GB capacities and a new 3.5-inch 4 TB capacity. Powered by NASware 2.0 technology, WD Red is compatibility-tested with top NAS system manufacturers and optimized for performance and reduced power consumption.

"WD defined the NAS drive category by leading the development of hard drives specifically built for small NAS environments," said Matt Rutledge, vice president of client storage for WD. "The WD Red product line serves the unique environment of NAS and meets the growing demand for affordable, reliable, and compatible storage.

WD, a Western Digital company and world leader in digital storage solutions, today announced two ultra-compact backup appliances: the WD Arkeia DA1300 and DA2300, which offer small- and medium-sized businesses (SMBs) all-in-one backup and disaster recovery solutions.

"An increasing number of SMBs are seeing the value in appliance-based solutions and WD is focused on delivering smart, simple software bundled with purpose-built hardware to effectively serve this thriving segment," said Bill Evans, general manager of WD's SMB business unit. "The new WD Arkeia DA1300 and DA2300 network backup appliances provide a fast, easy-to-use and affordable desktop solution for SMB customers to protect their data within any office environment."

WD, a Western Digital company, announced that it has founded the Storage Products Association (SPA) with other hard drive companies to promote the merits and value of rotating magnetic storage technologies, as well as to make consumers and professionals aware of how critical hard disk drives (HDDs) and solid-state hybrid drives (SSHDs) are to their digital lives.

SPA members include HGST, Seagate, Toshiba and WD. The organization helps storage manufacturers and users understand and support current and future storage needs, including the key role of hard disk drives (HDDs) and solid state hybrid drives, in an effective storage mix for all consumer and business environments. SPA will provide education to its customers, partners, members and users of HDDs and SSHDs. SPA will also participate in industry and user events, and will publish materials about end users' storage needs and effective usage of a mix of storage technologies.

Western Digital Corp. today reported revenue of $15.4 billion and net income of $1.7 billion, or $6.75 per share for fiscal year 2013, compared to fiscal 2012 revenue of $12.5 billion and net income of $1.6 billion, or $6.58 per share. On a non-GAAP basis, fiscal 2013 net income was $2.1 billion or $8.53 per share, compared to fiscal 2012 net income of $2.1 billion or $8.61 per share.

For its fourth fiscal quarter ended June 28, 2013, the company reported revenue of $3.7 billion, hard-drive shipments of 59.9 million and net income of $416 million, or $1.71 per share. On a non-GAAP basis, net income was $477 million or $1.96 per share. In the year-ago quarter, the company reported revenue of $4.8 billion, net income of $745 million, or $2.87 per share, and shipped 71.0 million hard drives. Non-GAAP net income in the year-ago quarter was $872 million, or $3.35 per share.

Western Digital Corporation has acquired privately held VeloBit, a provider of high-performance storage I/O optimization software. VeloBit will be fully integrated into HGST, a wholly owned subsidiary of Western Digital. Headquartered in Lincoln, MA, VeloBit enhances storage system performance with its software technology by adding a transparent acceleration layer utilizing solid state drives (SSDs). Financial terms of the transaction were not disclosed.
The acquisition builds on HGST's strategy to enhance the overall value of datacenter storage by integrating HGST SSDs with software. VeloBit's SSD caching software dramatically accelerates applications and increases server density by enabling higher I/O performance, lower latency, and more efficient usage of processor and storage resources.

Both the VeloBit acquisition and the proposed sTec acquisition by Western Digital reflect acceleration by its HGST subsidiary in the fast growing and strategic enterprise SSD space, augmenting its technology position and IP portfolio with additional engineering and design resources. "In VeloBit we saw a great team that has developed and commercialized breakthrough I/O optimization software," said Mike Cordano, president, HGST. "The acquisition of VeloBit is an important step in our strategy to develop robust software capabilities to augment our successful SSD product portfolio."

WD, a Western Digital company and world leader in digital storage solutions, today unveiled the fourth generation of WD Arkeia network backup appliances, delivering an all-in-one backup and disaster recovery solution for small- and medium-sized businesses (SMBs). The new line up consists of four rack-mount appliance models with larger internal disk capacities, faster processors, increased memory, and integrated solid state drives (SSDs) to shorten backup time and accelerate data recovery. The bundled WD Arkeia v10.1 software delivers new support for "seed and feed" technology to support hybrid cloud backups. This allows companies to move backups offsite via network replication rather than shipment of tapes.

"In announcing their fourth generation of purpose-built network backup appliances, WD Arkeia is delivering comprehensive SMB backup solutions that go beyond simple raw capacity increases," said Liz Conner, senior research analyst, IDC. "WD Arkeia offers easy-to-use data protection that takes the guess work out of purchasing, configuring and managing data backup & recovery, while also embedding features such as deduplication and hybrid cloud backup for small- and medium-sized businesses or remote offices."

Western Digital Corporation and sTec, Inc. announced today that they have entered into a definitive merger agreement under which sTec, Inc., an early innovator in enterprise solid-state drives (SSDs), will be acquired by HGST, a wholly-owned subsidiary of Western Digital. sTec will be acquired for approximately $340 million in cash, which equates to $6.85 per share. This represents approximately $207 million in enterprise value, net of sTec's cash as of March 31, 2013.

The pending acquisition augments HGST's existing solid-state storage capabilities, accelerating its ability to expand its participation in the rapidly growing area of enterprise SSDs. HGST remains committed to its highly successful joint development program with Intel Corp. and will continue to deliver current and future SAS-based SSD products with Intel.

WD, a Western Digital company, today announced COMPUTEX TAIPEI 2013 (booth L0810) it is shipping the world's thinnest 1 TB hard drive with its new 2.5-inch WD Blue 7 mm hard drive. Offering OEMs, channel integrators and consumers a unique storage solution for thin and light systems, slimmer notebooks, as well as compatibility with the industry-standard 9.5 mm drive slots of mainstream notebooks, the WD Blue hard drive family, in capacities from 320 GB to 1 TB in the 7 mm height, now provides a singular option of thin design and high capacity storage.

"Users with large portfolios of content no longer need an Ultrabook or upgrading to a thin and light notebook," said Matt Rutledge , Vice President and General Manager for client storage products at WD. "This most compact 1TB hard drive to-date offers manufacturers of systems an upsell path for their customers who will now be able to choose systems offering both sleek design and high capacity.

WD, a Western Digital company and world leader for storage deployed in datacenters, today announced availability of its innovative WD Se line of hard drives, the first designed for scale-out datacenter deployments. Built on an enterprise-grade platform for reliable 24x7x365 datacenter operation, WD Se is tailored to deliver the right combination of performance, reliability and robustness for large-scale replicated environments, mid-sized network attached storage (NAS) deployment, and backup/archiving applications.

WD Se is a true enterprise-class drive with the right blend of affordability and capabilities to address the massive growth of semi-structured data, which is accelerating the scale-out of datacenters of all sizes. Now shipping in capacities up to 4 TB, the new WD Se hard drives enables customers to balance their data growth challenges in multi-drive enclosures without compromising enterprise-class features.