Western Digital Provides Clarity and Transparency on SanDisk Intellectual Property, Consent Rights and the Joint Ventures
October 10 2017 - 8:00AM
Business Wire
Western Digital Posts Questions &
Answers Document to Investor Relations Website
Western Digital Corp. (NASDAQ: WDC) today posted a set of
questions and answers to provide clarity and transparency on key
topics associated with the SanDisk joint ventures with Toshiba
Corporation ("Toshiba") and to correct inaccuracies and
misconceptions.
Western Digital commented:
In light of what we believe to be a series of
inaccurate statements and mischaracterizations regarding Western
Digital, SanDisk, the NAND flash-memory JVs and SanDisk’s clear
consent rights, we felt compelled to set the record straight.
The Q&A is available on the Investor Relations section of
Western Digital’s website at investor.wdc.com or here.
About Western Digital
Western Digital is an industry-leading provider of storage
technologies and solutions that enable people to create, leverage,
experience and preserve data. The company addresses ever-changing
market needs by providing a full portfolio of compelling,
high-quality storage solutions with customer-focused innovation,
high efficiency, flexibility and speed. Our products are marketed
under the HGST, SanDisk and WD brands to OEMs, distributors,
resellers, cloud infrastructure providers and consumers. Financial
and investor information is available on the company's Investor
Relations website at investor.wdc.com.
Forward-Looking Statements
This news release contains certain forward-looking statements,
including statements regarding Western Digital, SanDisk, the NAND
flash-memory JVs and SanDisk’s consent rights. There are a number
of risks and uncertainties that may cause these forward-looking
statements to be inaccurate including, among others: uncertainties
with respect to the company's business ventures with Toshiba;
volatility in global economic conditions; business conditions and
growth in the storage ecosystem; impact of competitive products and
pricing; market acceptance and cost of commodity materials and
specialized product components; actions by competitors; unexpected
advances in competing technologies; our development and
introduction of products based on new technologies and expansion
into new data storage markets; risks associated with acquisitions,
mergers and joint ventures; difficulties or delays in
manufacturing; and other risks and uncertainties listed in the
company's filings with the Securities and Exchange Commission (the
"SEC"), including the company's Form 10-K filed with the SEC on
Aug. 29, 2017, to which your attention is directed. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date hereof, and the company undertakes no
obligation to update these forward-looking statements to reflect
subsequent events or circumstances.
Western Digital, WD and SanDisk are registered trademarks or
trademarks of Western Digital Corporation or its affiliates in the
U.S. and/or other countries. Other trademarks, registered
trademarks, and/or service marks, indicated or otherwise, are the
property of their respective owners. © 2017 Western Digital
Corporation or its affiliates. All rights reserved.
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version on businesswire.com: http://www.businesswire.com/news/home/20171010005838/en/
Western Digital Corp.United
StatesMedia Contact:Jim Pascoe,
408-717-6999jim.pascoe@wdc.comorInvestor Contact:Bob
Blairrobert.blair@wdc.comorJoele Frank, Wilkinson Brimmer
KatcherEric Brielmann / Jed Repko / Ed Trissel415-869-3950 /
212-355-4449wdcmedia@joelefrank.comorJapanMedia Contacts:Emi Hatano,
090-5765-9730emi.hatano@sandisk.comorAshton ConsultingJohn Sunley /
Brendan Jennings03 5425-7220 / 090ー7416-0180 / 050
7576-6190WDC_JapanPR@ashton.jp
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