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Western Digital

Western Digital has prospered by living dangerously. While disk-drive rivals Seagate, Maxtor, and Toshiba target big iron, consumer gear, and portable electronics, Lake Forest, (Calif.)-based Western Digital relies heavily on selling to the basic desktop PC market.

Thatís saying something, given the cut-throat economics and slower growth of desktops compared with laptops, MP3 players, and other booming new areas. The companyís revenues climbed 12% in fiscal year 2004, which ended in July, and jumped 17% through the first three quarters of this year, to $2.7 billion. The question now: As Western Digital enters these faster growth markets -- laptop drives and 1-inch drives used in cell phones and MP3 players -- can it operate as efficiently as it has in desktops?

Company Info

Revenues* $3.4 BILLION
Revenue Growth 15.7%
Return on Equity 28.2%
Total Return64.2%
Profits* $186.8 MILLION
All figures are for the most recent available 12 months.

* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.

Data provided by Standard & Poor's Compustat, BusinessWeek

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Company Snapshot

Western Digital Corp. engages in the design, development, manufacture, and marketing of hard disk drives. Its hard disk drives are used in desktop personal computers; enterprise servers; network attached storage devices; consumer electronics products, such as video-game consoles, personal/digital video recorders, satellite, and cable set-top boxes; and as external storage devices. The company sells its products to computer manufacturers for inclusion in their computer systems or subsystems; consumer electronics manufacturers for inclusion into their devices; and distributors, resellers, and retailers. Its hard disk drive products are manufactured in Malaysia and Thailand; design facilities are located in Southern California and Northern California; and sales offices are maintained globally. Western Digital sells its products globally to system manufacturers, distributors, resellers, systems integrators, and retailers. The company was founded in 1970 and is headquartered in Lake Forest, Calif.

No. of Employees


Data provided by Capital IQ
Matthew E. Massengill

Matthew E. Massengill

AGE: 43


Chairman and Chief Executive Officer

CEO Bio >

Total Compensation*


Total Value of Options**


Degrees Held

Purdue University (BS)

* Latest available fiscal year
** The sum of the net value of options exercised and held in the latest available fiscal year

Key Executives

Matthew E. Massengill, Arif Shakeel, Raymond M. Bukaty, Stephen D. Milligan, David C. Fetah

Board Members

Matthew E. Massengill, Peter D. Behrendt, Kathleen A. Cote, Henry T. DeNero, William L. Kimsey, Michael D. Lambert, Roger H. Moore, Thomas E. Pardun, Arif Shakeel

Data provided by Capital IQ
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