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2011 Annual Report and Form 10-K
Western Digital®
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Table of contents

  • Page 1
    Western Digital 2011 Annual Report and Form 10-K Store Protect Access Stream Share ®

  • Page 2
    ... with new products such as media players that enable consumers to manage and enjoy a wealth of digital content. Our products are marketed to leading OEMs, systems manufacturers, selected resellers and retailers under the Western Digital and WD brand names. Product, financial and investor information...

  • Page 3
    ... at 6%, shipping 207 million hard drives for the year - a 1% share gain. This reaffirms customer preference for WD's value proposition of providing a reliable supply of high quality storage solutions at a competitive price with superior customer service. Revenue declined year-over-year, reflecting...

  • Page 4
    ... In fiscal 2011, we took a major strategic step to strengthen our position as a leading player in the industry with our announced plan to acquire Hitachi Global Storage Technologies (HGST), the hard drive division of Hitachi, Ltd. We believe the HGST acquisition will be good for competition and NET...

  • Page 5
    ...445 $1,818 $1,403 $1,793 WD's ability to expand the market with innovative products and outstanding customer support has led to Branded Products' compounded annual revenue growth of 20% since 2007. John F. Coyne President and Chief Executive Officer September 27, 2011 $6,000 $5,000 $4,000 $3,000...

  • Page 6
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  • Page 7
    ... Drive, Suite 100 Irvine, California (Address of principal executive offices) 92612 (Zip Code) Registrant's telephone number, including area code: (949) 672-7000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock...

  • Page 8
    ... that operates as the parent company of our hard drive business, Western Digital Technologies, Inc., which was formed in 1970. Our principal executive offices are located at 3355 Michelson Drive, Suite 100, Irvine, California 92612. Our telephone number is (949) 672-7000 and our Web site is...

  • Page 9
    ...• emergence of new storage markets for hard drives; • emergence of competing storage technologies; • traditional seasonal demand and pricing and gross margin trends; • our beliefs regarding the adequacy of our facilities and fabrication capacity; • our share repurchase plans; • our stock...

  • Page 10
    ... magnetic disks ("magnetic media") to store and allow fast access to data. Hard drives are currently the primary storage medium for digital content. Our hard drives are used in desktop and notebook computers, corporate and cloud computing data centers, home entertainment equipment and stand-alone...

  • Page 11
    ... PCs and handheld computing devices. Most cloud computing models consist of services delivered through large data centers that utilize enterprise-class servers. The infrastructure to support cloud computing storage needs is driving the demand for enterprise-class hard drives and solid-state drives...

  • Page 12
    ... for the transfer and storage of videos directly from certain camcorders; • WD ShareSpaceTM is a network-attached storage system designed for home office or small office applications; • WD TV» media players connect to a user's television or home theater system and play digital movies, music and...

  • Page 13
    ...designed for enterprise server and storage applications requiring high performance and high reliability. This hard drive is also used in the high-end desktop PC market for applications including gaming, servers and advanced CAD/CAM (computer-aided design/computer-aided manufacturing) systems; • WD...

  • Page 14
    ... clubs, online retailers, and computer electronics stores, and authorize sales through distributors to smaller retailers. The retail channel complements our other sales channels while helping to build brand awareness for WD and our products. We also sell our branded products through our Web site. 8

  • Page 15
    ... and major customer information, see Part II, Item 8, Notes 1 and 6 in the Notes to Consolidated Financial Statements, included in this Annual Report on Form 10-K. Competition We compete with manufacturers of hard drives for client compute, client non-compute and enterprise applications as well...

  • Page 16
    ...Item 1A of this Annual Report on Form 10-K. Materials and Supplies We use a number of components, equipment, goods and services in the manufacturing of our products. The key components of our hard drives are: • magnetic heads; • magnetic media; • suspensions with related head gimbal assemblies...

  • Page 17
    ... our skilled employees, see Item 1A of this Annual Report on Form 10-K. Available Information We maintain an Internet Web site at www.westerndigital.com. Our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to reports filed or furnished pursuant...

  • Page 18
    ...to Executive Vice President and Chief Financial Officer in September 2007. From December 2001 to May 2007, Mr. Leyden served in senior finance capacities at Sage Software Inc. and Sage Software of California, subsidiaries of Sage Group PLC, a U.K. public company that supplies accounting and business...

  • Page 19
    ...the effectiveness of internal control over financial reporting for the combined company; and • the loss of key employees. If we are not able to successfully integrate HGST's business and technology into our operations, the anticipated benefits and efficiencies of the planned acquisition may not be...

  • Page 20
    ...possible charges are not yet known. The price of our common stock following the acquisition could decline to the extent the combined company's financial results are materially affected by these charges. The financing of our planned HGST acquisition will dilute our stockholders' ownership interest in...

  • Page 21
    ..., could adversely affect our business and financial results or operating efficiencies. The data storage industry faces difficulties in accurately forecasting market and customer demand for its products. The variety and volume of products we manufacture is based in part on these forecasts. Accurately...

  • Page 22
    ... by the sale of our products to customers who provide cloud computing services. Demand for our products also could be negatively impacted by developments in the regulation and enforcement of digital rights management, the emergence of processes such as data deduplication and storage virtualization...

  • Page 23
    ... effectively adapt our business and management processes to address the unique challenges and different requirements of the traditional enterprise market, while maintaining a competitive operating cost model. If we fail to gain market acceptance in the traditional enterprise storage market, we will...

  • Page 24
    ... need to operate at high levels of utilization to drive competitive costs and the need for assured supply of components that we do not manufacture ourselves. If we do not adequately address the challenges related to our head or magnetic media manufacturing operations, our ongoing operations could be...

  • Page 25
    ..., if these competitors can increase sales of non-hard drive products to the same customers, they may benefit from selling their hard drives at lower prices. Our operating results may be adversely affected if we cannot successfully compete with the pricing by these companies. If we fail to qualify...

  • Page 26
    ... develop and manufacture components, technology or production equipment for our products may adversely affect our operations. We rely on suppliers for various component parts that we integrate into our hard drives but do not manufacture ourselves, such as semiconductors, motors, flex circuits...

  • Page 27
    ...delay in our manufacturing and shipment of hard drive products, our expansion into new technology and markets, or our ability to remain competitive with alternative storage technologies, therefore adversely affecting our business and financial results. Changes in product life cycles could adversely...

  • Page 28
    ... part of our planned acquisition of HGST, we will also acquire manufacturing facilities located in Japan, China and the Philippines (as well as additional factories in Singapore, Thailand and Malaysia). The manufacturing facilities of many of our customers, our suppliers and our customers' suppliers...

  • Page 29
    ... hard drives, which would result in a substantial loss of sales and revenue and a substantial harm to our operating results. For example, while we presently do not have manufacturing operations located in Japan, we do source certain components from suppliers with facilities in Japan. The March 2011...

  • Page 30
    ... key employees' compensation is placed "at risk" and linked to the performance of our business, when our operating results are negatively impacted by global economic conditions, we are at a competitive disadvantage for retaining and hiring key staff and skilled employees versus other companies that...

  • Page 31
    ... we or our component suppliers fail to timely comply with applicable legislation, our customers may refuse to purchase our products or we may face increased operating costs as a result of taxes, fines or penalties, which would have a materially adverse effect on our business, financial condition and...

  • Page 32
    ... foreign exchange contracts. Increases in our customers' credit risk could result in credit losses and an increase in our operating costs. Some of our OEM customers have adopted a subcontractor model that requires us to contract directly with companies, such as ODMs, that provide manufacturing and...

  • Page 33
    ... sales promotions and allowances on products sold to retailers, resellers and distributors; • inventory adjustments for write-down of inventories to lower of cost or market value (net realizable value); • reserves for doubtful accounts; • accruals for product returns; • accruals for warranty...

  • Page 34
    ... tax benefits and may negatively impact our financial position, results of operations, net income or cash flows. Item 1B. Unresolved Staff Comments Not applicable. Item 2. Properties In the first quarter of fiscal 2011, we began the process of relocating our corporate headquarters from Lake Forest...

  • Page 35
    ...office space in various other locations throughout the world primarily for research and development and sales and technical support. We own manufacturing facilities in Kuala Lumpur, Malaysia, consisting of approximately 1,054,000 square feet, which we use for assembly of hard drives, printed circuit...

  • Page 36
    ... Item 5. Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities Our common stock is listed on the New York Stock Exchange, Inc. ("NYSE") under the symbol "WDC." The approximate number of holders of record of our common stock as of August 3, 2011...

  • Page 37
    ... cumulative total stockholder return of our common stock with the cumulative total return of the S&P 500 Index and the Dow Jones US Technology Hardware & Equipment Index for the five years ended July 1, 2011. The graph assumes that $100 was invested in our common stock at the close of market on June...

  • Page 38
    ... magnetic disks ("magnetic media") to store and allow fast access to data. Hard drives are currently the primary storage medium for digital content. Our hard drives are used in desktop and notebook computers, corporate and cloud computing data centers, home entertainment equipment and stand-alone...

  • Page 39
    ... to prevent the planned acquisition for antitrust or competition reasons, we will, concurrently with such termination, be required to pay Hitachi a fee of $250 million in cash. On March 7, 2011, in connection with the planned acquisition of HGST, WD, Western Digital Technologies, Inc. ("WDTI"), our...

  • Page 40
    ...ASPs (per unit)* ...Revenues by Geography(%) Americas ...Europe, Middle East and Africa ...Asia ...Revenues by Channel(%) OEM ...Distributors ...Retailers ...Unit shipments* Compute ...Non-compute ...Enterprise ...Total units shipped ...* Based on sales of hard drive units only. $9,526 $ 45 22% 23...

  • Page 41
    ... in SG&A expense was primarily due to the expansion of sales and marketing to support new products and growing markets as well as $17 million of expenses related to the planned acquisition of HGST. Other Income (Expense). Other expense, net was $1 million in 2011 compared to $5 million in 2010. This...

  • Page 42
    ... of global manufacturing in that region. Changes in revenue by channel are a result of normal fluctuations in market demand and competitive dynamics. In accordance with standard industry practice, we have sales incentive and marketing programs that provide customers with price protection and...

  • Page 43
    ... the foreseeable future. Our ability to sustain our working capital position is subject to a number of risks that we discuss in Item 1A of this Annual Report on Form 10-K. Operating Activities Net cash provided by operating activities during 2011 was $1.7 billion as compared to $1.9 billion for 2010...

  • Page 44
    ...the acquisition of SiliconSystems, net of cash acquired, partially offset by $29 million in proceeds from the sale of property and equipment. Capital expenditures in 2011 primarily consisted of the expansion of our head wafer fabrication facilities, continued investment in advanced head technologies...

  • Page 45
    ... the prices, technology and quality of the supplier's products remaining competitive. These arrangements are not included under "Purchase obligations" in the table above. Please see Item 1A of this Annual Report on Form 10-K for a discussion of risks related to these commitments. Foreign Exchange...

  • Page 46
    ...the next one to five years. See Part II, Item 8, Note 9 in the Notes to Consolidated Financial Statements included in this Annual Report on Form 10-K for information regarding our total tax liability for unrecognized tax benefits. Stock Repurchase Program Our Board of Directors previously authorized...

  • Page 47
    ...to five years. Our warranty provision considers estimated product failure rates and trends, estimated repair or replacement costs and estimated costs for customer compensatory claims related to product quality issues, if any. We use a statistical warranty tracking model to help prepare our estimates...

  • Page 48
    ... value. Stock-based compensation cost is measured at the grant date based on the value of the award and is recognized as expense over the vesting period. The fair values of all stock options granted are estimated using a binomial model, and the fair values of all Employee Stock Purchase Plan ("ESPP...

  • Page 49
    ... not material to our consolidated financial statements. Disclosure About Other Market Risks Variable Interest Rate Risk Borrowings under the term loan facility bear interest at a rate equal to, at the option of WDTI, either (a) a LIBOR rate determined by reference to the cost of funds for Eurodollar...

  • Page 50
    Item 8. Financial Statements and Supplementary Data Index to Financial Statements and Financial Statement Schedule Page Consolidated Financial Statements: Reports of Independent Registered Public Accounting Firm ...Consolidated Balance Sheets - July 1, 2011 and July 2, 2010 ...Consolidated ...

  • Page 51
    ...all material respects, the information set forth therein. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Western Digital Corporation's internal control over financial reporting as of July 1, 2011, based on criteria established...

  • Page 52
    ... audited Western Digital Corporation's internal control over financial reporting as of July 1, 2011, based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The Company's management is responsible...

  • Page 53
    ...Current liabilities: Accounts payable ...Accrued expenses ...Accrued warranty ...Current portion of long-term debt ...Total current liabilities ...Long-term debt ...Other liabilities ...Total liabilities ...Commitments and contingencies (Notes 4 and 5) Shareholders' equity: Preferred stock, $.01 par...

  • Page 54
    WESTERN DIGITAL CORPORATION CONSOLIDATED STATEMENTS OF INCOME (in millions, except per share amounts) July 1, 2011 Years Ended July 2, 2010 July 3, 2009 Revenue, net ...$9,526 Cost of revenue ...7,735 Gross margin ...Operating expenses: Research and development ...Selling, general and ...

  • Page 55
    ... ...602 Stock-based compensation ...69 Deferred income taxes ...20 Loss on investments...- Acquired in-process research and development ...- Non-cash portion of restructuring and other, net ...- Changes in: Accounts receivable, net ...50 Inventories ...(17) Accounts payable ...178 Accrued...

  • Page 56
    ... ... $1,382 9 $1,391 Employee stock plans ...Stock based compensation ...Repurchase of common stock...Net income ...Unrealized loss on foreign exchange contracts ...Balance at July 1, 2011 ... $ 726 (16) $ 710 The accompanying notes are an integral part of these consolidated financial statements.

  • Page 57
    ...magnetic disks ("magnetic media") to store and allow fast access to data. Hard drives are currently the primary storage medium for digital content. The Company's hard drives are used in desktop and notebook computers, corporate and cloud computing data centers, home entertainment equipment and stand...

  • Page 58
    WESTERN DIGITAL CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued) Concentration of Credit Risk The Company sells its products to computer manufacturers, resellers and retailers throughout the world. The Company performs ongoing credit evaluations of its customers' financial ...

  • Page 59
    ... model is used to help prepare estimates and assist the Company in exercising judgment in determining the underlying estimates. The statistical tracking model captures specific detail on hard drive reliability, such as factory test data, historical field return rates, and costs to repair by product...

  • Page 60
    WESTERN DIGITAL CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued) actual product return trends, costs to repair returned products or costs of customer compensatory claims differ significantly from estimates, future results of operations could be materially affected. Litigation and...

  • Page 61
    ... all ESPP purchase rights are estimated using the Black-Scholes-Merton option-pricing model. Both the binomial and the Black-Scholes-Merton option-pricing models require the input of highly subjective assumptions. The Company is required to use judgment in estimating the amount of stock-based awards...

  • Page 62
    ... not material to the consolidated financial statements for all years presented. See Notes 10 and 11 for additional disclosures related to foreign exchange contracts. Use of Estimates Company management has made estimates and assumptions relating to the reporting of certain assets and liabilities...

  • Page 63
    ... the closing of the planned acquisition of Viviti Technologies Ltd., until recently known as Hitachi Global Storage Technologies Pte. Ltd ("HGST"). Note 4. Commitments and Contingencies Lease Commitments The Company leases certain facilities and equipment under long-term, non-cancelable operating...

  • Page 64
    ... 1, 2011 and $41 million at July 2, 2010. Long-term Purchase Agreements The Company has entered into long-term purchase agreements with various component suppliers. The commitments depend on specific products ordered and may be subject to minimum quality requirements and future price negotiations...

  • Page 65
    ... allegedly relate to devices used to test hard disk drive heads and media. The Company intends to defend itself vigorously in this matter. On October 4, 2006, plaintiff Seagate Technology LLC ("Seagate") filed a complaint against the Company and one of its employees formerly employed by Seagate...

  • Page 66
    ... liability or financial impact to the Company from these other matters could differ materially from those projected. Note 6. Business Segment, Geographic Information and Major Customers Segment Information The Company operates in one reportable operating segment, the hard drive business. 60

  • Page 67
    ...include manufacturing facilities in Malaysia, Singapore, and Thailand as well as sales offices throughout the Americas, Asia Pacific, Europe and the Middle East. The following table summarizes the Company's operations by geographic area for the three years ended July 1, 2011 (in millions): 2011 2010...

  • Page 68
    ... 1, 2011, total compensation cost related to unvested stock options granted under the Stock Plans and ESPP rights issued to employees but not yet recognized was $60 million and will be amortized on a straight-line basis over a weighted average service period of approximately 2.2 years. The Company...

  • Page 69
    WESTERN DIGITAL CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued) Stock Option Activity The following table summarizes stock option activity under the Stock Plans over the last three fiscal years (in millions, except per share amounts and remaining contractual lives): Number of ...

  • Page 70
    ...of all ESPP purchase rights granted on or prior to July 1, 2011 have been estimated at the date of grant using a Black-Scholes-Merton option-pricing model with the following weighted average assumptions: 2011 ESPP 2010 2009 Option life (in years) ...Risk-free interest rate ...Stock price volatility...

  • Page 71
    ... circumstances, to purchase Series A Junior Participating Preferred Stock of Western Digital at an exercise price of $50.00 per share ten days after a person or group publicly announced it had acquired or had tendered an offer for 15%, or more, of the Company's outstanding common stock. The Rights...

  • Page 72
    WESTERN DIGITAL CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued) Stock Reserved for Issuance The following table summarizes all shares of common stock reserved for issuance at July 1, 2011 (in millions): Number of Shares Maximum shares issuable in connection with: Outstanding ...

  • Page 73
    ...assets presented above, the Company had additional NOL benefits related to stockbased compensation deductions of $110 million and $93 million at July 1, 2011 and July 2, 2010, respectively. The increase in NOL benefits relates to the current year stock based compensation deductions which will result...

  • Page 74
    ... A substantial portion of the Company's manufacturing operations in Malaysia, Singapore and Thailand operate under various tax holidays and tax incentive programs which will expire in whole or in part at various dates through 2023. Certain of the holidays may be extended if specific conditions are...

  • Page 75
    WESTERN DIGITAL CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued) The following is a tabular reconciliation of the total amounts of unrecognized tax benefits for the year ended July 1, 2011 (in millions): Unrecognized tax benefit at July 2, 2010...Gross increases related to prior ...

  • Page 76
    ... the Company's financial assets and liabilities that are measured at fair value on a recurring basis as of July 1, 2011, and indicates the fair value hierarchy of the valuation techniques utilized to determine such value (in millions): Fair Value Measurements at Reporting Date Using Quoted Prices in...

  • Page 77
    ... Agency Securities Auction-rate Securities Total July 3, 2009 ...Sales ...Maturities ...July 2, 2010 ... $ 1 - (1) $- $18 (3) - $15 $19 (3) (1) $15 For the year ended July 1, 2011, there were no changes in Level 3 financial assets measured on a recurring basis. The Company had no liabilities...

  • Page 78
    ...13. Restructuring and Sale of Facility During 2009, the Company announced and completed a restructuring plan to realign its cost structure as a result of a softer demand environment. This resulted in the closure of one of the Company's hard drive manufacturing facilities in Thailand, the disposal of...

  • Page 79
    ... gain on sale of assets, is included in restructuring and other, net within operating expenses in the accompanying consolidated statements of income. Note 14. Acquisitions Planned Acquisition of Hitachi Global Storage Technologies On March 7, 2011, the Company entered into a stock purchase agreement...

  • Page 80
    ... the transaction to close in its second quarter of fiscal 2012. Magnetic Media Operations On June 30, 2010, the Company acquired the facilities, equipment, intellectual property and working capital of the magnetic media sputtering operations of Hoya. The cost of the acquisition was $233 million...

  • Page 81
    WESTERN DIGITAL CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued) Intangible assets of $24 million primarily relates to existing technology that is amortized to cost of revenue over the weighted average useful life of 6 years. In-process research and development of $14 million ...

  • Page 82
    WESTERN DIGITAL CORPORATION SCHEDULE II - CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS Three years ended July 1, 2011 (in millions) Allowance for Doubtful Accounts Balance at June 27, 2008 ...Additions charged to operations ...Deductions ...Balance at July 3, 2009 ...Recoveries credited to ...

  • Page 83
    ... our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures (as such term is defined in Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this Annual Report...

  • Page 84
    ...days after the close of the fiscal year ended July 1, 2011, except that the information required by this Item 10 concerning executive officers is set forth in Part I of this report under "Item 1. Business - Executive Officers of the Registrant." In addition, our Board of Directors has adopted a Code...

  • Page 85
    ... Number Description 2.1 2.2 3.1 3.2 10.1 10.1.1 10.1.2 10.1.3 10.1.4 10.1.5 Stock Purchase Agreement, dated March 7, 2011, among Western Digital Corporation, Western Digital Ireland, Ltd., Hitachi, Ltd., and Viviti Technologies Ltd.(19)Ï® First Amendment to Stock Purchase Agreement, dated May...

  • Page 86
    ...Form of Notice of Grant of Stock Option and Option Agreement between Western Digital Corporation and John Coyne(9)* Employment Agreement, dated March 7, 2011, between Western Digital Corporation and Timothy Leyden(19)* Western Digital Corporation Amended and Restated Change of Control Severance Plan...

  • Page 87
    ...) Transition Services Agreement, dated March 7, 2011, among Hitachi, Ltd., Viviti Technologies Ltd. and Western Digital Corporation(19) Subsidiaries of Western Digital Corporation†Consent of Independent Registered Public Accounting Firm†Certification of Principal Executive Officer Pursuant to...

  • Page 88
    ... to the Company's Annual Report on Form 10-K (File No. 1-8703), as filed with the Securities and Exchange Commission on August 28, 2007. (11) Incorporated by reference to the Company's Current Report on Form 8-K (File No. 1-8703), as filed with the Securities and Exchange Commission on November...

  • Page 89
    ... duly authorized. WESTERN DIGITAL CORPORATION By: /s/ WOLFGANG U. NICKL Wolfgang U. Nickl Senior Vice President and Chief Financial Officer Dated: August 11, 2011 Pursuant to the requirements of the Securities Exchange Act of 1934, this Annual Report on Form 10-K has been signed below by the...

  • Page 90
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  • Page 91
    ... Komag USA (Malaysia) Sdn.) ...WD Media (Singapore) Pte. Ltd...Western Digital Canada Corporation ...Western Digital Deutschland GmbH ...Western Digital (France) S.A.R.L...Western Digital (Fremont), LLC ...Western Digital Hong Kong Limited...Western Digital Information Technology (Shanghai) Company...

  • Page 92
    ... July 1, 2011, and the related financial statement schedule, and the effectiveness of internal control over financial reporting as of July 1, 2011, which reports appear in the July 1, 2011, Annual Report on Form 10-K of Western Digital Corporation. /s/ August 11, 2011 Irvine, California KPMG LLP

  • Page 93
    ... in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and b. Any fraud, whether or not material, that involves management or other employees who...

  • Page 94
    ... in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and b. Any fraud, whether or not material, that involves management or other employees who...

  • Page 95
    ... as applicable, of the Securities Exchange Act of 1934, as amended; and (ii) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. JOHN F. COYNE John F. Coyne President and Chief Executive Officer Dated...

  • Page 96
    ... Exchange Act of 1934, as amended; and (ii) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. WOLFGANG U. NICKL Wolfgang U. Nickl Senior Vice President and Chief Financial Officer Dated: August...

  • Page 97
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  • Page 98
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  • Page 99
    ... Officer James D. Morris Executive Vice President and General Manager Storage Products James J. Murphy Executive Vice President, Worldwide Sales and Sales Operations James K. Welsh III Executive Vice President and General Manager Branded Products Board Committees 1 Audit Committee 2 Compensation...

  • Page 100
    ... Transfer Agent and Registrar American Stock Transfer & Trust Company 59 Maiden Lane, Plaza Level New York, New York 10038 www.amstock.com 800.937.5449 Independent Registered Public Accounting Firm KPMG LLP Stock Exchange Listing Western Digital common stock is listed on the New York Stock Exchange...