BNET Industries
Market Cap:$5.7B
Last Fiscal Year Sales:$8.0B
- Public
- US
Dow Jones Description
Hard Drives Designer & Mfr for the Mainstream Personal Computer & Consumer Electronics Markets
Chief Executive OfficerJohn F. Coyne
Number of Employees 50,072
Contact Information
20511 Lake Forest Dr
Lake Forest, California 92630-7741
(949) 672-7000
Peer Companies
NAICS Code Computer Storage Device Manufacturing: 334112
Recent Events
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SMB data storage news briefs: NetGear announces ReadyNAS 3200 for SMBs
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WD Updates Dual-Drive My Book World NAS
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Seagate refreshes external storage lineup for Mac
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Western Digital launches SiliconDrive III Solid State Disk drives
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Western Digital launches line of embedded SSDs
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Hua An sues Lehman Brothers over US$90m loss by QDII fund
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Jon7
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Western Digital launches 4TB eSATA drive
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WD Targets Mac Users With New My Book 4TB Storage
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Data storage news: IDC says storage software sales slip
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Virtualisation no threat to HDD, says Western Digital
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Western Digital Selling Malaysia Parts Plant
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WD Announces 2-TB GreenPower Drive
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Western Digital cuts power drain on new drive
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Western Digital launches a 2TB hard drive
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Green in: SMPS converters, hard disk drives
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Seagate's desktop hard drive gets extra green
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Western Digital Launches a DVR Expander
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Western Digital sinks after analyst downgrade
News & Analysis
Filter by
western digital corp. - All News and Analysis
Ex-clients Sue Lehman Over Auction-rate Securities
NEW YORK (Reuters) - Lehman Brothers Holdings Inc LEHMQ is being sued by two former clients for more than $190 million, alleging the failed bank deceived them about the market for auction-rate debt.Western Digital Corp WDC and Ceradyne Inc CRDN filed the suits on Tuesday in Lehman's bankruptcy case, claiming...
Western Digital Corporation F3Q09 (Qtr End 03/31/09) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Our first question comes from Sherri Scribner - Deutsche Bank Sherri Scribner - Deutsche Bank Clearly this quarter you guys lost a little bit of share in 3.5 and 2.5 inch. What would be your plans going forward for share gains? Do you see a...
Earnings Preview: Western Digital
Western Digital WDC is expected to report Q3 earnings after the market close on Thursday, April 23, with a conference call scheduled for 5:00 pm ET. Guidance The consensus estimate is 11c for EPS and $1.47B for revenue, according to First Call. On Jan. 28 guidance provided by management...
Western Digital Should Weather the Current Economic Storm Well
Western Digital Corporation WDC “designs, develops, manufactures and sells hard drives. It sells its products worldwide to original equipment manufacturers OEMs and original design manufactures ODMs for use in computer systems, subsystems or consumer electronics (CE) devices, and to distributors, resellers and retailers. The Company’s hard drives are used in...
Western Digital Launches 2-Terabyte Hard Drive Amid Slump
Western Digital LogoAgainst a backdrop of dwindling demand, credit difficulties for customers, and too much inventory, Western Digital is introducing a 2-terabyte hard drive with 3 1/2 inch platters, the largest capacity hard drive in the industry. Is this an opportune time to introduce a next generation product? ...
Fujitsu sells hard drive business to Toshiba
Fujitsu is reportedly selling its loss-making hard drive disk HDD business to Toshiba for an undisclosed price. What Toshiba is buying is unclear, but HDD head manufacturing is not included, as Fujitsu is terminating its HDD head manufacturing operation in Nagano, Japan. ...
Western Digital Corporation F2Q09 (Qtr. End 12/26/08) Earnings Call Transport
Question-and-Answer SessionOperator Operator Instructions. Our first question comes from Keith Bachman with Bank of Montreal. Your line is open. Keith Bachman - Bank of Montreal Hi, guys. Thanks very much. I had two questions if I could. The first, Tim, for you, the $150 savings that you identified...
Earnings Preview: Western Digital
Western Digital WDC is expected to report Q2 earnings after market close Wednesday, January 28, with a conference call scheduled for 5:00 pm ET. Guidance The consensus estimate is 31c for EPS and $1.75B for revenue, according to First Call. On Dec. 17, Western Digital announced a series of actions...
Western Digital vs. Seagate Technology: Value in Hard Disk Makers
Tom Armistead submits: Always drawn by value, I recently established a long position in Seagate Technology STX. I didn't do as thorough a research job as I like to think is typical for me, and have since developed some reservations: I like hard disk makers but note that...
Seagate Lifted by LBO Chatter
Eric Savitz (Barron's) submits: What's up with Seagate? To answer my own question, there’s probably nothing up with Seagate STX. But the stock has spiked today even more than the broad market; and the stock Web site TheFlyOnTheWall.com asserts that the disk-drive maker is being lifted by “renewed buyout...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| John F. Coyne | Chief Executive Officer |
| Hossein Moghadam | Cto & Senior Vice President, R & D |
| Tim Leyden | CFO & Executive Vice President |
| Raymond M. Bukaty | General Counsel, Secretary & Senior Vice President, Admin |
| Cathy Scott | Vice President, Corp Communications |
| Jim Morris | Vice President & General Manager, Notebook Storage Business Unit |
| Joseph R. Carillo | Controller & Vice President |
| Joseph R. Carrillo | Vice President |
| Peter Edinger | Vice President, EMEA Sales |
| Robert J. Blair | Vice President, Corp IR |
| Scott Davis | Vice President, Intl Sales |
| Steven M. Slavin | Vice President, Taxes & Treasurer |
| Bobby King | Human Resources Director |
| Steve Shattuck | Director, Public Relations |
| Jennifer Serfas | Senior Manager, Marketing |
| Henry T. Denero | Director |
| Kathleen A. Cote | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Arif Shakeel | Member , Board of Directors |
| John T. Rynd | Board of Directors |
| Michael D. Lambert | Board of Directors |
| Peter D. Behrendt | Board of Directors |
| Roger H. Moore | Board of Directors |
| William L. Kimsey | Board of Directors |
John F. Coyne is president and chief executive officer of Western Digital. He is a member of WD’s board of directors, has been president since June 2006 and became CEO in January 2007. Coyne has dedicated the majority of his career to WD, serving the company in many capacities around the globe. John F. Coyne has been a director since October 2006. He joined us in 1983 and has served in various executive capacities. From November 2002 until June 2005, Mr. Coyne served as Senior Vice President, Worldwide Operations, from June 2005 until November 2005, he served as Executive Vice President, Worldwide Operations, and from November 2005 until June 2006, he served as Executive Vice President and Chief Operations Officer. Effective June 2006, he was named President and Chief Operating Officer. In January 2007, he became President and Chief Executive Officer. Mr. Coyne is also a director of Jacobs Engineering Group Inc.
| Organization | Position | Status |
|---|---|---|
| Western Digital Corporation | Chief Executive Officer | Current |
| Western Digital Corporation | President | Current |
| Western Digital Corporation | Board of Directors | Current |
| Jacobs Engineering Group, Inc. | Board of Directors | Current |
| Western Digital Corporation | Chief Operations Officer | Former |
| Western Digital Corporation | Executive Vice President, Worldwide Operations | Former |
| University College Dublin | Bachelor’S Degree In Mechanical Engineering | Former |
Dr. Hossein Moghadam is a long-time industry veteran whose storage background spans more than three decades. Moghadam is responsible for Western Digital's worldwide engineering and research and development program. He joined the company in 2000 as vice president of engineering and San Jose site manager. Before joining WD, Moghadam was with Terastor Corp., serving as senior vice president of engineering. Previously, he spent nine years with Seagate where his most recent position was CTO and senior vice president of research and development. Moghadam began working for Seagate in 1989 as a result of a series of acquisitions, including Rigidyne Corp., a storage hardware technology company, which he founded in 1986. His 17 years previous to Rigidyne Corp. were spent in various management roles with Pertec Peripherals, Control Data, Honeywell and General Electric. Moghadam earned his bachelor’s, master’s and doctorate degrees in electrical engineering from the University of Oklahoma.
| Organization | Position | Status |
|---|---|---|
| Western Digital Corporation | Cto & Senior Vice President, R & D | Current |
| Terastor Corporation | senior vice president of engineering | Former |
| Western Digital Corporation | Senior Vice President, Res | Former |
Timothy M. Leyden rejoined Western Digital in May 2007 as executive vice president, finance, and became chief financial officer on September 1st 2007, reporting to John Coyne, president and chief executive officer. He previously served in various capacities with WD from 1983 through 2000. Prior to his return to WD, Leyden was senior vice president and chief financial officer of Sage Software Inc., a subsidiary of Sage Group PLC, a U.K. public company. Before that, he had worked as a management consultant to technology based companies during 2001 with Pittiglio, Rabin, Todd & McGrath. In his earlier career at WD, Leyden served in various worldwide finance, manufacturing, and information technology capacities in the company's storage controller, semiconductor and hard drive businesses, both in his native Ireland and in the U.S. During that time, he worked closely with John Coyne, who became CEO of WD in January 2007. They worked together on the acquisition and integration teams when WD entered the hard drive business in 1988. Leyden received his ACMA (Associate Chartered Management Accountant) certification from the Chartered Institute of Management Accountants, Chapter St., London. He earned a master’s degree of business administration from University of California, Irvine.
| Organization | Position | Status |
|---|---|---|
| Western Digital Corporation | CFO & Executive Vice President | Current |
| Western Digital Corporation | Executive Vice President, Finance | Former |
In his role, Bukaty oversees WD’s corporate law, intellectual property, risk management, stock plans administration and corporate services departments. Reporting to president and chief executive officer, John Coyne, his insight, experience and management skills fill a critical role for the company, with his team integral to many aspects of the company’s operation. Bukaty began with WD as vice president, corporate law in 1999, bringing a wealth of corporate law experience, including an extensive background with large public companies and emerging growth companies. During his tenure to date, the complexity of the company’s legal needs increased with the implementation of corporate governance changes in response to Sarbanes-Oxley, the expansion of international operations, the growth of strategic business alternatives, the launch, management and disposition of five subsidiary companies and the formation of a holding company structure. WD made significant progress during this period, restructuring its operations, turning financial losses into profits, acquiring the assets of Read Rite Corporation, re-emerging as a premium hard drive supplier to the PC market and creating new markets for hard drives such as personal video recorders and gaming consoles. Previously, beginning in 1995, Bukaty served Fluor Corporation, Aliso Viejo, Calif., as assistant general counsel for that company’s corporate group. Before that, he was a partner with the law firm Riordan and McKinzie (now part of Bingham, McCutchen, LLP), Los Angeles, Calif., where he honed his skills in securities, mergers and acquisitions, venture capital funds and leveraged buyout funds. Raymond M. Bukaty received in 1983 combined juris doctor and master’s of business administration degrees from the University of Southern California and earned a bachelor’s degree from Stanford University in 1979. Bukaty currently serves on the board of directors for Mercy House, a charity supporting the homeless in Southern California, and Orange County ARC, a charity providing assistance to the developmentally disabled.
| Organization | Position | Status |
|---|---|---|
| Western Digital Corporation | General Counsel, Secretary & Senior Vice President, Admin | Current |
| Southern California University | Former | |
| Bukaty | Former | |
| Fluor Corporation | Former |
| Organization | Position | Status |
|---|---|---|
| Western Digital Corporation | Vice President, Corp Communications | Current |
| Organization | Position | Status |
|---|---|---|
| Western Digital Corporation | Vice President & General Manager, Notebook Storage Business Unit | Current |
| Organization | Position | Status |
|---|---|---|
| Western Digital Corporation | Controller & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Western Digital Corporation | Vice President | Current |
| Western Digital Corporation | Corporate Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Western Digital Corporation | Vice President, EMEA Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Western Digital Corporation | Vice President, Corp IR | Current |
| Organization | Position | Status |
|---|---|---|
| Western Digital Corporation | Vice President, Intl Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Western Digital Corporation | Vice President, Taxes & Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Inspire Community | Founder, CEO | Current |
| Western Digital Corporation | Human Resources Director | Current |
| Colorado Homeless Families, Inc. | Treasurer of the Board of Directors | Current |
| University of Phoenix | M.A. Degree In Organizational Management | Former |
| University of Phoenix | M.A. Degree In Organizational Management | Former |
| Tennessee State University | B.S. Degree In Political Science | Former |
| Organization | Position | Status |
|---|---|---|
| Western Digital Corporation | Director, Public Relations | Current |
| Western Digital Corporation | Director, Public Relations | Former |
| Organization | Position | Status |
|---|---|---|
| Western Digital Corporation | Senior Manager, Marketing | Current |
Arif Shakeel has been a director since September 2004. He joined us in 1985 and has served in various executive capacities. From February 2000 until April 2001, he served as Executive Vice President and General Manager of Hard Disk Drive Solutions, from April 2001 until January 2003, he served as Executive Vice President and Chief Operating Officer, and from January 2002 until June 2006, he served as President. He served as Chief Executive Officer from October 2005 until January 2007. He served as Special Advisor to the Chief Executive Officer from January 2007 until June 2007.
| Organization | Position | Status |
|---|---|---|
| Western Digital Corporation | Member , Board of Directors | Current |
| Western Digital Corporation | CEO | Former |
| Western Digital Corporation | Chief Operating Officer | Former |
| Western Digital Corporation | Executive Vice President | Former |
| Western Digital Corporation | General Manager , Hard Drive Solutions | Former |
| Western Digital Corporation | Product Manager, Integrated Drive Electronics | Former |
| Orange County | Former | |
| Pepperdine University | MBA | Former |
| Memphis State University | Bachelor of Science Degree In Mechanical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Arcturus Capital | Executive | Current |
| Vignette Corporation | Director | Current |
| PortalPlayer, Inc. | Director | Current |
| Western Digital Corporation | Director | Current |
| Arcturus Capital | Board of Directors | Current |
| Banta Corporation | Board of Directors | Current |
| Dayton Hudson Corporation | Chief Financial Officer | Former |
| First Data Corporation | executive vice president | Former |
| McKinsey & Company, Inc. | Senior Partner | Former |
| First Data Corporation | Group Executive, Commercial Payments | Former |
| THQ Inc. | Director | Former |
| McKinsey & Company, Inc. | Director | Former |
| Dayton Hudson Corporation | Vice Chairman | Former |
| Stanford Graduate School of Business | MBA | Former |
| Amherst College | BA | Former |
| Organization | Position | Status |
|---|---|---|
| Western Digital Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Fit Just Right | Chief Financial Officer | Current |
| 3Com Corporation | Board of Directors | Current |
| Soltrus | Director | Current |
| VeriSign, Inc. | Board of Directors | Current |
| Western Digital Corporation | Director | Current |
| Efarm, Inc. | Board of Directors | Current |
| Workscape Inc. | Board of Directors | Current |
| RadView Software Ltd. | Director | Current |
| Forgent Networks, Inc. | Board of Directors | Current |
| Computervision Corporation | Chief Executive Officer | Former |
| Worldport Communications, LLC | Chief Executive Officer | Former |
| Computer Vision | CEO | Former |
| Prime Services, Inc. | President | Former |
| Computervision Corporation | President | Former |
| Computer Vision | president | Former |
| Prime Services, Inc. | General Manager | Former |
| Babson College | MBA | Former |
| University of Massachusetts Amherst | bachelor's degree | Former |
| Organization | Position | Status |
|---|---|---|
| Panasas, Inc. | Board of Directors | Current |
| Western Digital Corporation | Board of Directors | Current |
| Vignette Corporation | Board of Directors | Current |
| The Computer Company, Inc. | Senior Vice President | Former |
| Dell Inc. | senior vice president | Former |
| Hewlett-Packard Company | vice president of sales and marketing | Former |
| Vignette Corporation | chairman | Current |
| Panasas, Inc. | member | Former |
Peter D. Behrendt has been a director since 1994. He was Chairman of Exabyte Corporation, a manufacturer of computer tape storage products, from January 1992 until he retired in January 1998 and was President and Chief Executive Officer of Exabyte Corporation from July 1990 to January 1997. Mr. Behrendt is currently a venture partner with NEA, a California-based venture fund. He is also a director of Infocus Corporation.
| Organization | Position | Status |
|---|---|---|
| Western Digital Corporation | Board of Directors | Current |
| Exabyte Corporation | Chief Executive Officer | Former |
| Exabyte Corporation | Chairman | Former |
| University of California, Los Angeles | degree in Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Accessline Co | Current | |
| Western Digital Corporation | Board of Directors | Current |
| Tut Systems, Inc. | Board of Directors | Current |
| VeriSign, Inc. | Board of Directors | Current |
| Nptc | Director | Current |
| Soltrus | Director | Current |
| Nauticom Internet Services, Inc | Director | Current |
| Consolidated Communications, Inc. | Director | Current |
| Pittsburgh Web Design | Director | Current |
| Pittsburgh Web Hosting | Director | Current |
| VeriSign, Inc. | Director | Former |
| Tut Systems, Inc. | Director | Former |
| Myrio Corporation | Director | Former |
| Virginia Polytechnic Institute and State University | B.S. degree in General Science | Former |
| Organization | Position | Status |
|---|---|---|
| Royal Caribbean International | Director | Current |
| Incredible Cruising | Director | Current |
| Sandra Catron | Director | Current |
| Fwo Travel | Director | Current |
| Ronald King and Family | Director | Current |
| Celebrity Vineyards | Director | Current |
| Royal Caribbean Cruises Ltd. | Board of Directors | Current |
| Western Digital Corporation | Board of Directors | Current |
| NAVTEQ Corp. | Board of Directors | Current |
| Accenture Ltd. | Board of Directors | Current |
| Parsons Corporation | Board of Directors | Current |
| Ernst & Young | chief executive officer | Former |
| Ernst & Young | Chief Operating Officer | Former |
| Ernst & Young | Director Ejecutivo | Former |
| Ernst & Young | Board member | Former |
| University of Missouri | bachelor of science degree in Business Administration | Former |
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