Western Digital Corp. (NYSE:WDC)
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Western Digital Corp. designs, develops, manufactures, and sells hard drives for data storage.
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Western Digital Corp. designs, develops, manufactures, and sells hard drives for data storage.
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Western Digital has a history of execution in a very difficult but growing field of hard disk drive development and manufacturing. Management is patient and doesn't deliver a new product until it is ready. I could say a lot more like that they started out as a controller card company and smoothly moved to the motors and physics of the hard drive when the controller business vaporized. The P/E is around 9 in a growing business. The commodity business is brutal, but they have beat for every quarter for a long time. They are the low cost manufacturer and the #2 in the business. One reason that the price is beaten down is the fear of FLASH solid state memory coming on strong. Those who think FLASH will hurt the disk drive business in the forseeable future are not familiar with the huge challenges in store for FLASH to get it's prices down.