Wonder what KKR and Bain will tell their investors when they realize they are buying the wrong company in this space! WDC's now has $2.9B on the balance sheet and is virtually debt free.
WDC will have the upper hand long term because of the strength of their balance sheet. They can price the product lower than competition, buy new technologies, increase R&D, buy-back stock and adjust their business based on demand trends.
Doesn't take a genius to figure out that WDC is crushing STX.--look at the numbers!
Western Digital Corp. (NYSE: WDC) today reported revenue of $2.4 billion, hard-drive unit shipments of 50.7 million and net income of $197 million
Seagate Technology plc (NASDAQ:STX - News) today reported financial results for the quarter ended October 1, 2010. The company shipped 49.2 million disk drives and on a GAAP basis reported revenue of $2.7 billion, gross margin of 20.4%, net income of $149 million and diluted earnings per share of $0.31