Sandisk Corporation (SNDK) 76.18 $SNDK
Western Digital Announces Successful Repricing of $3.0 Billion Term B Loans and Prepayment of $750 Million Term B Loans
BusinessWire - Thu Aug 18, 7:00AM CDT
Western Digital Corporation (NASDAQ: WDC) ("Western Digital" or the "company"
today announced that it has successfully priced $3.0 billion of new U.S. dollar-denominated term B loans at an interest rate of LIBOR + 3.75%, which priced 175 basis points lower than its previous term B loans issued earlier this year in connection with the company's acquisition of SanDisk Corporation. In connection with this transaction, Western Digital settled the previous U.S. dollar-denominated term B loans with the proceeds of this new loan and a voluntary cash prepayment of $750 million. The new financing is expected to generate annual interest savings of approximately $128 million beginning on Aug. 17, 2016. This reflects annual cash interest savings of approximately $100 million resulting from both the 175 basis point reduction in interest spread and the $750 million reduction in principal as well as annual non-cash interest savings of approximately $28 million from reduced amortization of debt issuance costs associated with the previous term B loans. The new term loans have the same remaining tenor as the previous U.S. dollar-denominated term B loans and mature on April 29, 2023.
WDC: 46.67 (-0.43), SNDK: 76.18 (-0.39)
Western Digital Updates Status Of Conversions Of SanDisk Convertible Notes
PR Newswire - Tue Jun 07, 6:00AM CDT
Western Digital Corporation (NASDAQ: WDC) and its wholly-owned subsidiary SanDisk Corporation ("SanDisk" announced today that as of June 6, 2016, it has received notices of conversion from holders of approximately $919.2 million, or 92% of the outstanding principal amount, of their 1.5% Convertible Senior Notes due 2017 (the "2017 Notes" and from holders of approximately $1.2 billion, or 83% of the outstanding principal amount, of their 0.5% Convertible Senior Notes due 2020 (the "2020 Notes" and, together with the 2017 Notes, the "Notes".
WDC: 46.67 (-0.43), SNDK: 76.18 (-0.39)
Reminder: Western Digital Sets Date For Conference Call/Webcast
PR Newswire - Thu May 26, 7:00AM CDT
As indicated on its April 28, 2016 investment community conference call, Western Digital® Corp. (NASDAQ: WDC) will provide an update to its guidance for the fourth fiscal quarter ending July 1, 2016, to reflect the partial period of ownership of SanDisk Corp. in the quarter. Western Digital acquired SanDisk on May 12, 2016.
WDC: 46.67 (-0.43), SNDK: 76.18 (-0.39)
Western Digital Sets Date For Conference Call/Webcast
PR Newswire - Tue May 17, 3:40PM CDT
As indicated on its April 28, 2016 investment community conference call, Western Digital® Corp. (NASDAQ: WDC) will provide an update to its guidance for the fourth fiscal quarter ending July 1, 2016, to reflect the partial period of ownership of SanDisk Corp. in the quarter. Western Digital acquired SanDisk on May 12, 2016.
WDC: 46.67 (-0.43), SNDK: 76.18 (-0.39)
Western Digital Completes Acquisition Of SanDisk, Creating A Global Leader In Storage Technology
PR Newswire - Thu May 12, 7:25AM CDT
Western Digital® Corporation (NASDAQ: WDC) today announced that its wholly-owned subsidiary Western Digital Technologies, Inc. has completed the acquisition of SanDisk Corporation (NASDAQ: SNDK). 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).
WDC: 46.67 (-0.43), SNDK: 76.18 (-0.39)
Alaska Air Group Set to Join the S&P 500; Texas Roadhouse to Join S&P MidCap 400; Cavco Industries to Join S&P SmallCap 600
PR Newswire - Tue May 10, 4:39PM CDT
S&P MidCap 400 constituent Alaska Air Group Inc. (NYSE:ALK) will replace SanDisk Corp. (NASD:SNDK) in the S&P 500, S&P SmallCap 600 constituent Texas Roadhouse Inc. (NASD:TXRH) will replace Alaska Air Group in the S&P MidCap 400, and Cavco Industries Inc. (NASD:CVCO) will replace Texas Roadhouse in the S&P SmallCap 600 after the close of trading on Thursday, May 12. S&P 500 constituent Western Digital Corp. (NASD:WDC) is acquiring SanDisk Corp. in a deal expected to be completed on or about that date pending final conditions.
SPGI: 123.54 (+0.57), WDC: 46.67 (-0.43), ALK: 67.53 (-0.02), SNDK: 76.18 (-0.39), CVCO: 104.57 (-0.47), TXRH: 44.27 (-0.02)
Watch for SanDisk to Potentially Pullback After Gaining 1.34% Yesterday
Comtex SmarTrend(R) - Tue May 10, 11:47AM CDT
SanDisk (NASDAQ:SNDK) traded in a range yesterday that spanned from a low of $76.07 to a high of $76.59. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $75.68 on volume of 13.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SNDK: 76.18 (-0.39)
SmarTrend Watching for Potential Pullback in Shares of SanDisk After 1.34% Gain
Comtex SmarTrend(R) - Tue May 10, 11:46AM CDT
SanDisk (NASDAQ:SNDK) traded in a range yesterday that spanned from a low of $76.07 to a high of $76.59. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $75.68 on volume of 13.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SNDK: 76.18 (-0.39)
SanDisk Announces Final Regulatory Approval for Acquisition by Western Digital
BusinessWire - Tue May 10, 7:12AM CDT
SanDisk Corporation (NASDAQ: SNDK) today announced that the Ministry of Commerce of China ("MOFCOM" has approved the acquisition of SanDisk by Western Digital Technologies, Inc., a wholly-owned subsidiary of Western Digital Corporation (NASDAQ: WDC).
WDC: 46.67 (-0.43), SNDK: 76.18 (-0.39)
Western Digital Acquisition Of SanDisk Receives Approval From China's Ministry Of Commerce
PR Newswire - Tue May 10, 7:00AM CDT
Western Digital® Corporation (NASDAQ: WDC) ("Western Digital" or the "Company" today announced that it has received regulatory approval from China's Ministry of Commerce ("MOFCOM" in connection with the planned acquisition by Western Digital Technologies, Inc., a wholly owned subsidiary of Western Digital, of SanDisk Corporation (NASDAQ: SNDK) ("SanDisk". The MOFCOM decision completes the regulatory review process required for this transaction. Western Digital expects the transaction to close on Thursday, May 12, 2016.
WDC: 46.67 (-0.43), SNDK: 76.18 (-0.39)
SanDisk Technology Partner Program Delivering Flash-Integrated Solutions to Transform Data Centers
BusinessWire - Wed May 04, 10:00AM CDT
SanDisk Corporation (NASDAQ: SNDK), a global leader in flash storage solutions, today introduced the SanDisk Technology Partner (STP) program, a collaborative platform for SanDisk and data center partners to work together to design, develop and deliver integrated flash based storage solutions to joint customers. With 20 data center ecosystem partners already participating, the new program offers certification, tools, resources, SanDisk flash storage expertise and complements SanDisk's commitment to address the demand for extreme performance and massive capacity in the data center through flash storage and software-defined flash storage solutions.
SNDK: 76.18 (-0.39)
Why Shares of Western Digital Corp. Slumped Today
Timothy Green, The Motley Fool - Motley Fool - Fri Apr 29, 11:39AM CDT
Image source: Western Digital. What: Shares of hard drive manufacturer Western Digital slumped on Friday following the company's fiscal third-quarter report. Western Digital missed analyst estimates on all fronts, and its guidance was well...
WDC: 46.67 (-0.43), SNDK: 76.18 (-0.39)
Western Digital (WDC) Falls on Q3 Earnings Miss, View Weak
Zacks Equity Research - Zacks Investment Research - Fri Apr 29, 10:29AM CDT
Western Digital Corp. (WDC) reported lower-than-expected third-quarter fiscal 2016 results.
STX: 33.74 (-0.18), WDC: 46.67 (-0.43), INTU: 111.45 (+0.30), SNDK: 76.18 (-0.39)
Seagate (STX) Misses Earnings & Revenue Estimates in Q3
Zacks Equity Research - Zacks Investment Research - Fri Apr 29, 9:43AM CDT
Seagate Technology plc (STX) reported third-quarter fiscal 2016 non-GAAP earnings per share of 22 cents, which lagged the Zacks Consensus Estimate of 38 cents.
STX: 33.74 (-0.18), WDC: 46.67 (-0.43), INTU: 111.45 (+0.30), SNDK: 76.18 (-0.39)
After Yesterday's Rally of 1.01% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Thu Apr 28, 2:11PM CDT
SanDisk (NASDAQ:SNDK) traded in a range yesterday that spanned from a low of $76.11 to a high of $76.81. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $76.07 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SNDK: 76.18 (-0.39)
SanDisk (SNDK) Q1 Earnings & Revenues Surpass Estimates
Zacks Equity Research - Zacks Investment Research - Thu Apr 28, 7:11AM CDT
SanDisk Corp. (SNDK) reported first-quarter 2016 adjusted earnings of 65 cents per share, which comfortably beat the Zacks Consensus Estimate of 43 cents.
FB: 126.12 (+0.28), WDC: 46.67 (-0.43), INTU: 111.45 (+0.30), SNDK: 76.18 (-0.39)
SanDisk beats Street 1Q forecasts
Automated Insights - Wed Apr 27, 3:27PM CDT
MILPITAS, Calif. (AP) _ SanDisk Corp. (SNDK) on Wednesday reported first-quarter net income of $78.4 million.
SNDK: 76.18 (-0.39)
SanDisk Announces First Quarter 2016 Results
BusinessWire - Wed Apr 27, 3:06PM CDT
SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage solutions, today announced results for the first quarter ended April 3, 2016. First quarter revenue of $1.37 billion increased 3 percent on a year-over-year basis and decreased 11 percent sequentially.
SNDK: 76.18 (-0.39)
Data Storage Stocks Reporting Earnings this Week: WDC, STX
Zacks Equity Research - Zacks Investment Research - Wed Apr 27, 7:28AM CDT
This week, investors will be focused on performance of two data storage solution providing companies ??? Western Digital (WDC) and Seagate Technology (STX).
XLNX: 54.21 (+0.02), TXN: 69.54 (+0.23), STX: 33.74 (-0.18), TWTR: 19.21 (+0.83), WDC: 46.67 (-0.43), AAPL: 106.10 (+0.10), SNDK: 76.18 (-0.39)
Western Digital Announces Successful Repricing of $3.0 Billion Term B Loans and Prepayment of $750 Million Term B Loans
BusinessWire - Thu Aug 18, 7:00AM CDT
Western Digital Corporation (NASDAQ: WDC) ("Western Digital" or the "company"
today announced that it has successfully priced $3.0 billion of new U.S. dollar-denominated term B loans at an interest rate of LIBOR + 3.75%, which priced 175 basis points lower than its previous term B loans issued earlier this year in connection with the company's acquisition of SanDisk Corporation. In connection with this transaction, Western Digital settled the previous U.S. dollar-denominated term B loans with the proceeds of this new loan and a voluntary cash prepayment of $750 million. The new financing is expected to generate annual interest savings of approximately $128 million beginning on Aug. 17, 2016. This reflects annual cash interest savings of approximately $100 million resulting from both the 175 basis point reduction in interest spread and the $750 million reduction in principal as well as annual non-cash interest savings of approximately $28 million from reduced amortization of debt issuance costs associated with the previous term B loans. The new term loans have the same remaining tenor as the previous U.S. dollar-denominated term B loans and mature on April 29, 2023. WDC: 46.67 (-0.43), SNDK: 76.18 (-0.39)
Western Digital Updates Status Of Conversions Of SanDisk Convertible Notes
PR Newswire - Tue Jun 07, 6:00AM CDT
Western Digital Corporation (NASDAQ: WDC) and its wholly-owned subsidiary SanDisk Corporation ("SanDisk"
announced today that as of June 6, 2016, it has received notices of conversion from holders of approximately $919.2 million, or 92% of the outstanding principal amount, of their 1.5% Convertible Senior Notes due 2017 (the "2017 Notes" and from holders of approximately $1.2 billion, or 83% of the outstanding principal amount, of their 0.5% Convertible Senior Notes due 2020 (the "2020 Notes" and, together with the 2017 Notes, the "Notes". WDC: 46.67 (-0.43), SNDK: 76.18 (-0.39)
Reminder: Western Digital Sets Date For Conference Call/Webcast
PR Newswire - Thu May 26, 7:00AM CDT
As indicated on its April 28, 2016 investment community conference call, Western Digital® Corp. (NASDAQ: WDC) will provide an update to its guidance for the fourth fiscal quarter ending July 1, 2016, to reflect the partial period of ownership of SanDisk Corp. in the quarter. Western Digital acquired SanDisk on May 12, 2016.
WDC: 46.67 (-0.43), SNDK: 76.18 (-0.39)
Western Digital Sets Date For Conference Call/Webcast
PR Newswire - Tue May 17, 3:40PM CDT
As indicated on its April 28, 2016 investment community conference call, Western Digital® Corp. (NASDAQ: WDC) will provide an update to its guidance for the fourth fiscal quarter ending July 1, 2016, to reflect the partial period of ownership of SanDisk Corp. in the quarter. Western Digital acquired SanDisk on May 12, 2016.
WDC: 46.67 (-0.43), SNDK: 76.18 (-0.39)
Western Digital Completes Acquisition Of SanDisk, Creating A Global Leader In Storage Technology
PR Newswire - Thu May 12, 7:25AM CDT
Western Digital® Corporation (NASDAQ: WDC) today announced that its wholly-owned subsidiary Western Digital Technologies, Inc. has completed the acquisition of SanDisk Corporation (NASDAQ: SNDK). 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).
WDC: 46.67 (-0.43), SNDK: 76.18 (-0.39)
Alaska Air Group Set to Join the S&P 500; Texas Roadhouse to Join S&P MidCap 400; Cavco Industries to Join S&P SmallCap 600
PR Newswire - Tue May 10, 4:39PM CDT
S&P MidCap 400 constituent Alaska Air Group Inc. (NYSE:ALK) will replace SanDisk Corp. (NASD:SNDK) in the S&P 500, S&P SmallCap 600 constituent Texas Roadhouse Inc. (NASD:TXRH) will replace Alaska Air Group in the S&P MidCap 400, and Cavco Industries Inc. (NASD:CVCO) will replace Texas Roadhouse in the S&P SmallCap 600 after the close of trading on Thursday, May 12. S&P 500 constituent Western Digital Corp. (NASD:WDC) is acquiring SanDisk Corp. in a deal expected to be completed on or about that date pending final conditions.
SPGI: 123.54 (+0.57), WDC: 46.67 (-0.43), ALK: 67.53 (-0.02), SNDK: 76.18 (-0.39), CVCO: 104.57 (-0.47), TXRH: 44.27 (-0.02)
Watch for SanDisk to Potentially Pullback After Gaining 1.34% Yesterday
Comtex SmarTrend(R) - Tue May 10, 11:47AM CDT
SanDisk (NASDAQ:SNDK) traded in a range yesterday that spanned from a low of $76.07 to a high of $76.59. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $75.68 on volume of 13.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SNDK: 76.18 (-0.39)
SmarTrend Watching for Potential Pullback in Shares of SanDisk After 1.34% Gain
Comtex SmarTrend(R) - Tue May 10, 11:46AM CDT
SanDisk (NASDAQ:SNDK) traded in a range yesterday that spanned from a low of $76.07 to a high of $76.59. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $75.68 on volume of 13.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SNDK: 76.18 (-0.39)
SanDisk Announces Final Regulatory Approval for Acquisition by Western Digital
BusinessWire - Tue May 10, 7:12AM CDT
SanDisk Corporation (NASDAQ: SNDK) today announced that the Ministry of Commerce of China ("MOFCOM"
has approved the acquisition of SanDisk by Western Digital Technologies, Inc., a wholly-owned subsidiary of Western Digital Corporation (NASDAQ: WDC). WDC: 46.67 (-0.43), SNDK: 76.18 (-0.39)
Western Digital Acquisition Of SanDisk Receives Approval From China's Ministry Of Commerce
PR Newswire - Tue May 10, 7:00AM CDT
Western Digital® Corporation (NASDAQ: WDC) ("Western Digital" or the "Company"
today announced that it has received regulatory approval from China's Ministry of Commerce ("MOFCOM" in connection with the planned acquisition by Western Digital Technologies, Inc., a wholly owned subsidiary of Western Digital, of SanDisk Corporation (NASDAQ: SNDK) ("SanDisk". The MOFCOM decision completes the regulatory review process required for this transaction. Western Digital expects the transaction to close on Thursday, May 12, 2016. WDC: 46.67 (-0.43), SNDK: 76.18 (-0.39)
SanDisk Technology Partner Program Delivering Flash-Integrated Solutions to Transform Data Centers
BusinessWire - Wed May 04, 10:00AM CDT
SanDisk Corporation (NASDAQ: SNDK), a global leader in flash storage solutions, today introduced the SanDisk Technology Partner (STP) program, a collaborative platform for SanDisk and data center partners to work together to design, develop and deliver integrated flash based storage solutions to joint customers. With 20 data center ecosystem partners already participating, the new program offers certification, tools, resources, SanDisk flash storage expertise and complements SanDisk's commitment to address the demand for extreme performance and massive capacity in the data center through flash storage and software-defined flash storage solutions.
SNDK: 76.18 (-0.39)
Why Shares of Western Digital Corp. Slumped Today
Timothy Green, The Motley Fool - Motley Fool - Fri Apr 29, 11:39AM CDT
Image source: Western Digital. What: Shares of hard drive manufacturer Western Digital slumped on Friday following the company's fiscal third-quarter report. Western Digital missed analyst estimates on all fronts, and its guidance was well...
WDC: 46.67 (-0.43), SNDK: 76.18 (-0.39)
Western Digital (WDC) Falls on Q3 Earnings Miss, View Weak
Zacks Equity Research - Zacks Investment Research - Fri Apr 29, 10:29AM CDT
Western Digital Corp. (WDC) reported lower-than-expected third-quarter fiscal 2016 results.
STX: 33.74 (-0.18), WDC: 46.67 (-0.43), INTU: 111.45 (+0.30), SNDK: 76.18 (-0.39)
Seagate (STX) Misses Earnings & Revenue Estimates in Q3
Zacks Equity Research - Zacks Investment Research - Fri Apr 29, 9:43AM CDT
Seagate Technology plc (STX) reported third-quarter fiscal 2016 non-GAAP earnings per share of 22 cents, which lagged the Zacks Consensus Estimate of 38 cents.
STX: 33.74 (-0.18), WDC: 46.67 (-0.43), INTU: 111.45 (+0.30), SNDK: 76.18 (-0.39)
After Yesterday's Rally of 1.01% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Thu Apr 28, 2:11PM CDT
SanDisk (NASDAQ:SNDK) traded in a range yesterday that spanned from a low of $76.11 to a high of $76.81. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $76.07 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SNDK: 76.18 (-0.39)
SanDisk (SNDK) Q1 Earnings & Revenues Surpass Estimates
Zacks Equity Research - Zacks Investment Research - Thu Apr 28, 7:11AM CDT
SanDisk Corp. (SNDK) reported first-quarter 2016 adjusted earnings of 65 cents per share, which comfortably beat the Zacks Consensus Estimate of 43 cents.
FB: 126.12 (+0.28), WDC: 46.67 (-0.43), INTU: 111.45 (+0.30), SNDK: 76.18 (-0.39)
SanDisk beats Street 1Q forecasts
Automated Insights - Wed Apr 27, 3:27PM CDT
MILPITAS, Calif. (AP) _ SanDisk Corp. (SNDK) on Wednesday reported first-quarter net income of $78.4 million.
SNDK: 76.18 (-0.39)
SanDisk Announces First Quarter 2016 Results
BusinessWire - Wed Apr 27, 3:06PM CDT
SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage solutions, today announced results for the first quarter ended April 3, 2016. First quarter revenue of $1.37 billion increased 3 percent on a year-over-year basis and decreased 11 percent sequentially.
SNDK: 76.18 (-0.39)
Data Storage Stocks Reporting Earnings this Week: WDC, STX
Zacks Equity Research - Zacks Investment Research - Wed Apr 27, 7:28AM CDT
This week, investors will be focused on performance of two data storage solution providing companies ??? Western Digital (WDC) and Seagate Technology (STX).
XLNX: 54.21 (+0.02), TXN: 69.54 (+0.23), STX: 33.74 (-0.18), TWTR: 19.21 (+0.83), WDC: 46.67 (-0.43), AAPL: 106.10 (+0.10), SNDK: 76.18 (-0.39)
