Stay of Temporary Restraining Order is Lifted Immediately
SAN JOSE, Calif.--(BUSINESS WIRE)--
Western Digital Corp. (NASDAQ: WDC) commented on today's decision by the
California Court of Appeal First Appellate District, which denied
Toshiba Corporation's ("Toshiba") petition to stay the temporary
restraining order ("TRO") that had been granted in SanDisk's favor by
the Superior Court on July 11, 2017.
The Company stated:
After a full briefing on the matter, the California Court of Appeal has
now denied Toshiba's request to stay the TRO prohibiting Toshiba's
lockout. The Court's ruling dissolved the temporary stay of the TRO,
which prohibits Toshiba from preventing certain employees from accessing
shared databases and servers and from refusing to ship certain
engineering wafers and samples to us in Milpitas, California. We are
pleased with this important outcome, which both validates our legal
position and will support the continued success of the JVs.
About Western Digital
Western Digital is an industry-leading provider of storage technologies
and solutions that enable people to create, leverage, experience and
preserve data. The company addresses ever-changing market needs by
providing a full portfolio of compelling, high-quality storage solutions
with customer-focused innovation, high efficiency, flexibility and
speed. Our products are marketed under the HGST, SanDisk and WD brands
to OEMs, distributors, resellers, cloud infrastructure providers and
consumers. Financial and investor information is available on the
company's Investor Relations website at investor.wdc.com.
Forward-Looking Statements
This news release contains certain forward-looking statements, including
statements concerning the JVs, SanDisk's rights under the JV agreements
and its actions to protect such rights, and ongoing proceedings with
respect to those rights. There are a number of risks and uncertainties
that may cause these forward-looking statements to be inaccurate
including, among others: uncertainties with respect to the company's
business ventures with Toshiba; volatility in global economic
conditions; business conditions and growth in the storage ecosystem;
impact of competitive products and pricing; market acceptance and cost
of commodity materials and specialized product components; actions by
competitors; unexpected advances in competing technologies; our
development and introduction of products based on new technologies and
expansion into new data storage markets; risks associated with
acquisitions, mergers and joint ventures; difficulties or delays in
manufacturing; and other risks and uncertainties listed in the company's
filings with the Securities and Exchange Commission (the "SEC"),
including the company's Form 10-Q filed with the SEC on May 8, 2017, to
which your attention is directed. You should not place undue reliance on
these forward-looking statements, which speak only as of the date
hereof, and the company undertakes no obligation to update these
forward-looking statements to reflect subsequent events or circumstances.
Western Digital, WD and SanDisk are registered trademarks or trademarks
of Western Digital Corporation or its affiliates in the U.S. and/or
other countries. Other trademarks, registered trademarks, and/or service
marks, indicated or otherwise, are the property of their respective
owners. © 2017 Western Digital Corporation or its affiliates. All rights
reserved.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170803005445/en/
Western Digital Corp.
United States
Media
Contact:
Jim Pascoe, 408-717-6999
jim.pascoe@wdc.com
or
Investor
Contact:
Bob Blair, 949-672-7834
robert.blair@wdc.com
or
Joele
Frank, Wilkinson Brimmer Katcher
Eric Brielmann / Jed Repko / Ed
Trissel
415-869-3950 / 212-355-4449
wdcmedia@joelefrank.com
or
Western
Digital Corp.
Japan
Media
Contacts:
Emi Hatano, 090-5765-9730
emi.hatano@sandisk.com
or
Ashton
Consulting
John Sunley / Brendan Jennings
03 5425-7220 /
090ー7416-0180 / 050 7576-6190
WDC_JapanPR@ashton.jp
Source: Western Digital Corp.
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