Western Digital 1997 Annual Report Download - page 11

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Please find page 11 of the 1997 Western Digital annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Stock Repurchase Program
Since the inception of its stock repurchase program,
the Company has repurchased a total of 22.2 million
shares at an average price of $12.53 for a total of $278
million. The continuing stock buyback program
reflects an outstanding investment opportunity which
the Company believes to be in the best interest of its
shareholders.
Market Capitalization
Western Digital’s total market value has grown as the
Company improved its product quality, manu-
facturing efficiency and asset management.
$869 $1,138
$2,722
(in millions)
$142 $146
$572
cumulative purchases (in millions)
95 96 97
$11
$143
$278
(in millions)
$112 $131
$288
$473 $454
$620
92 93 94 95 96 97
92 93 94 95 96 97
Shareholders’ Equity
Western Digital’s shareholders’ equity has increased
over 450 percent since 1992, during which time the
Company also has carried on an aggressive stock
repurchase program.
Shareholder Value
9