Western Digital 2007 Annual Report Download - page 6
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Shortly after the end of fiscal 2007, we announced another significant
WD initiative: The industry’s first line of 3.5-inch drives designed
primarily to reduce power consumption and help protect the
environment—WD’s GreenPower hard drives.
Our one-terabyte drive introduces this new product category. Many of
our customers have been asking for low-power drive technology.
The GreenPower drives have been designed specifically to reduce
power consumption far below other 3.5-inch drives on the market
today—as much as 40 percent less than one terabyte drives available
from competitors. WD Branded Products now includes My Book
appliances incorporating this technology that can store 2 TB of music,
photos, video and other content.
Subsequent applications for WD’s GreenPower drive technology
will emerge in CE and the enterprise. Large enterprise data centers
employing GreenPower drive technology will save hundreds of
thousands of dollars annually in electricity costs and will reduce carbon
emissions by thousands of metric tons. We are very excited about
the opportunities our customers will have to reduce energy costs and
minimize their impact on the environment.
Our business strategy to efficiently produce reliable, high-quality hard
drives for a growing, worldwide market continues. This approach
distinguishes us in a competitive industry. It also provides value to our
customers and allows us to achieve consistent financial performance.
With this proven approach, we aim to hold and build our leadership
position in traditional markets and grow our presence in newer markets.
We are excited by the continuing, outstanding opportunities for growth
in storage demand and are confident that the WD team values of
Passion, Action, Productivity, Perseverance, Innovation, and Integrity
will continue to drive profitable growth for the company and create
value for all our stakeholders as we address those opportunities in the
years ahead.
John F. CoyneJohn F. Coyne
President and Chief Executive OfficerPresident and Chief Executive Officer
September 24, 2007September 24, 2007
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Reflecting one of the key attributes of its business
model, WD continued to post outstanding return on
invested capital in fiscal 2007.
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WD ended fiscal 2007 with over $1.7 billion of
shareholders’ equity, its highest balance in over
fifteen years.