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Western Digital Has Officially Acquired SanDisk

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Digital imagery, or as some still call it, photography, would not be possible without powerful, fast portable storage devices, such as those made by SanDisk and Western Digital…

Zoey Getting Ready to Vote in the Nature Photo Contest
 

Our New Storage Overlords: Western Digital Has Officially Acquired SanDisk:

Seven months after announcing the planned acquisition and one quarter ahead of schedule, Western Digital has officially acquired SanDisk, “creating a global leader in storage technology.”

In case you weren’t aware of how big of a deal this is (speaking both literally and figuratively), WD is happy to drive home the point in this announcement released May 12th:

The addition of SanDisk makes Western Digital Corporation a comprehensive storage solutions provider with global reach, and an extensive product and technology platform that includes deep expertise in both rotating magnetic storage and non-volatile memory (NVM).

Translation: all hail our new storage overlords.

(Via PetaPixel)

SanDisk 32 GB
SanDisk 32 GB in my Camera

and via Dow Jones:

Western Digital Corp. on Thursday cut its profit projection for the current quarter to reflect higher debt costs tied to its $19 billion acquisition of rival SanDisk Corp. this month.

The Irvine, Calif., disk-drive maker now projects 65 cents to 70 cents a share in adjusted profit for the quarter that ends July 1, compared with its earlier view of $1 to $1.10 a share.

…Western Digital, the largest maker of computer disk drives, is seeking to build on SanDisk’s position in the growing market for flash memory chips used in smartphones and other devices.

On Thursday, Western Digital officials re-iterated during a conference call with analysts that they are ramping up production of 3D flash technology, which is expected to become the mainstream data storage.

(click here to continue reading Western Digital Cuts Quarterly Profit Projection Following SanDisk Acquisition – WSJ.)

Written by Seth Anderson

May 27th, 2016 at 12:09 pm

Posted in Business,News-esque

Tagged with ,

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