The Best (And Worst) Third-Quarter Technology Vendor Stocks


Western Digital

CEO: Stephen Milligan

June 28, 2013: $62.09
Sept. 30, 2013: $63.40
Change: 2.1%

After seeing its stock value soar more than 46 percent in the first half of calendar 2013, the growth rate in Western Digital's share price grew at a more reasonable pace in the third calendar quarter.

Hard drive and SSD manufacturer Western Digital has been expanding the scope of its business through acquisitions, including buying Arkeia and sTec in the first half of the year. The acquisitions continued in the third calendar quarter when Western Digital announced a deal to buy flash storage developer Virident for $685 million, giving the company a strong flash storage portfolio.

 



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