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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 272.73+1.8%1:00 PM EST
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From: Sam4/27/2020 12:35:19 PM
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Western Digital raising HDD prices - report
Apr. 27, 2020 12:20 PM ET|About: Western Digital Corporation (WDC)|By: Brandy Betz, SA News Editor


Digitimes sources say Western Digital (NASDAQ: WDC) will raise prices for its enterprise hard disk drives by more than 10% due to high costs and low supplies.

HDD supplies were impacted by the coronavirus and strong orders from cloud-computing clients.

Western Digital shares are up 5.5%. Peer Seagate (NASDAQ: STX) is up 1.7%.

Upcoming catalyst: WDC will report earnings on April 30.

seekingalpha.com
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