What do PayPal, AT&T and Tinder owner Match Group all have in common? They are among the several S&P500 companies saying that trimming their workforces should provide a boost to their financi...
Tag: WDC
WDC Stock: Western Digital Earnings Miss Estimates
Western Digital (WDC) reported quarterly results late Tuesday that beat revenue estimates but fell short on earnings. WDC stock dropped. The maker of disk drives and memory chips reported an adjusted ...
WDC Stock: Western Digital, Micron, Nvidia Fall On Chip Glut Amid Recession Fears
Shares in flash memory chipmaker Western Digital (WDC) tumbled on Thursday after Goldman Sachs downgraded the company to sell, dragging down Micron Technology (MU) as well. And while shares in MU and ...
The Japanese Grand Prix Ends With Crowning A Formula One World Champion And More Controversy
Red Bull driver Max Verstappen, center right, of the Netherlands, and Ferrari driver Charles … [+] Leclerc, of Monaco, lead the field shortly after the start of the Japanese Formula One Grand Pr...
Western Digital CEO Warns Of Sharp Decline In NAND Memory Business
Text size Western Digital CEO David Goeckeler said the company has seen a sharp erosion in pricing for NAND flash memory based storage over the last month. Dreamstime Western Digital has seen business...
Rising Pressure on Profits Darkens Outlook for Tech Shares
Micron Technology is among the companies that have warned about softening PC demand. Courtesy Micron Text size In early summer, I wrote a Tech Trader column previewing the June quarter earnings season...
Western Digital Said It Would Consider Breaking in Two. Its Stock Is Dropping.
Text size Activist investor Elliott Management says that Western Digital’s flash memory business alone could be worth as much as the whole company now. Dreamstime Western Digital stock, after an...
Seagate and Western Digital Should Top Estimates On Cloud Demand, Analyst Says
Text size Nearline drives account for between 70% and 80% of overall revenue for the disk-drive industry. Dreamstime Thanks to strong demand from cloud computing providers, the June quarter should be ...
2 Tech Stocks That Now Look Impossibly Cheap
Text size Memory chips from Micron Technology are increasingly vital in the cloud, as well as in the automotive, industrial, and networking markets. Jeremy Erickson/Bloomberg Historically, companies l...
Micron Reports Earnings Today. Here’s What to Expect.
Text size Softening demand for personal computers and smartphones could pressure pricing on DRAM chips. Dreamstime Memory-chip giant Micron Technology reports earnings this afternoon for its fiscal se...
WDC Stock Plunges On Mixed Quarterly Results
Western Digital (WDC) reported fiscal second-quarter earnings late Thursday that included an outlook well short of estimates and announced a new chief financial officer. WDC stock plunged. X The compa...
Micron and Western Digital Are Top Picks for 2022. Here’s Why.
Text size semiconductor manufacturing Dmitry Kalinovsky/Dreamstime The semiconductor sector will be a big gainer in 2022 as demand grows and supply-chain constraints ease, said analysts at Mizuho Secu...
Micron Suspends Executive Bonuses. The Stock Was Upgraded, Too.
Micron Technology has suspended bonuses for executives, and the stock earned an upgrade, though the two don’t appear to be connected. Micron (ticker: MU) said late Thursday a board committee had appro...