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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 5, 1998
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WESTERN DIGITAL CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-8703 95-2647125
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
8105 Irvine Center Drive, Irvine, California 92618
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code (714) 932-5000
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N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events
On February 5, 1998, the registrant issued a press release announcing
that the registrant intends to make a private offering of zero coupon
convertible subordinated debentures.
A copy of the press release is attached as Exhibit 99.2.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
Exhibit Description
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99.2 Press Release Regarding Announcement of Offering of Convertible
Subordinated Debentures
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: February 11, 1998 WESTERN DIGITAL CORPORATION
By: /s/ MICHAEL A. CORNELIUS
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Michael A. Cornelius
Vice President-Law and Administration
and Corporate Secretary
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EXHIBIT 99.2
[LETTERHEAD OF WESTERN DIGITAL]
Company Contact: News Release
Robert J. Blair
714.932.7834
bob.blair@wdc.com
FOR IMMEDIATE RELEASE
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WESTERN DIGITAL ANNOUNCES OFFERING OF
CONVERTIBLE SUBORDINATED DEBENTURES
IRVINE, CA -- February 5, 1998 -- Western Digital Corporation (NYSE:WDC)
announced today that it intends, subject to market and other conditions, to
raise up to approximately $275 million (excluding the proceeds of an
over-allotment option, if any) through a private offering of zero coupon
convertible subordinated debentures to certain qualified institutional
investors. The Company stated that it intends to use the net proceeds of the
offering for general corporate purposes, including working capital. No other
terms were disclosed.
The offered securities will not be registered under the Securities Act of
1933, as amended, or applicable state securities laws, and may not be offered
or sold in the United States absent registration under the Securities Act and
applicable state securities law or available exemptions from such registration
requirements. Sale of the debentures is subject to market and other conditions,
and there can be no assurance that any debentures will be sold or that the net
proceeds of any sale will not be lower than anticipated.
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