Quarterly earnings came out. In the conference call CEO Steve Milligan hinted that the company will now realize $800 million in annual savings from eliminating redundancies from the WD/HGST merger. This is up from a previous estimate of $650 million a year. Savings in operating expenses will be $450 million annually. Two-thirds of these savings will be realized by end of 2017. Ontop of that the outlook for HDDs is weak. Its going to be ugly, folks.
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Confirmed. Penang Slider will be closed. Employees have 2 option, transfer to media site or take layoff scheme.
Senior Director will be arrived at PNS on next Wednesday.
Just wait & see.
why you know penang plant will close?
Penang slider plant will be closed and those machine will be relocated to others slider fab sites
confirm penang close down 1 plant.
My kids use their cell phone for everything except typing school papers. Cell phones don't have HDD. But they do backup on iCloud (e.g. enterprise HDD). My guess is pc/laptop HDD is going the way of the dinasour quickly.
Santa Ana and Irvine will take it in the rear soon , bend over
I heard that those plant in Penang and Somgapore will be closed down or relocated. Anyone can confirm this? It sound ugly for Asia.