WD Announces Q3 Revenue of US$2.25 Billion and Net Income of U $146 Million, or US $0.62 Per Share

Sydney, Australia: April 28, 2011 - Western Digital Corp. today reported revenue of US$2.25 billion, hard-drive unit shipments of 50 million and net income of US$146 million, or US$0.62 per share, for its third fiscal quarter ended Apr. 1, 2011. The company's results include expenses of US$10 million associated with the planned acquisition of Hitachi Global Storage Technologies announced Mar. 7, 2011. Excluding the acquisition-related expenses, non-GAAP net income was US$156 million or US$0.66 per share.

In the year-ago quarter, the company reported revenue of US$2.64 billion, shipped 51 million hard drives, and reported net income and earnings per share of US$400 million and US$1.71, respectively.

The company generated US$313 million in cash from operations during the March quarter, ending with total cash and cash equivalents of US$3.2 billion.

"The March quarter in the hard drive industry was impacted by two significant developments-the delayed supply of industry CPUs to PC makers and the tragic events in Japan," said John Coyne, president and chief executive officer. "While demand for hard drives in the quarter got off to a slow start, it later picked up as availability of CPUs improved and as fears took hold of component shortages related to the events in Japan.

"In relation to our planned acquisition of Hitachi GST, we are in the approval process with all required regulatory agencies, our integration planning is well underway and we have successfully syndicated the loan financing associated with the transaction."

About WD
WD, one of the storage industry's pioneers and long-time leaders, provides products and services for people and organizations that collect, manage and use digital information. The company designs and produces reliable, high-performance hard drives and solid state drives that keep users' data accessible and secure from loss. Its advanced technologies are configured into applications for client and enterprise computing, embedded systems and consumer electronics, as well as its own consumer storage and home entertainment products.

WD was founded in 1970. The company's storage products are marketed to leading OEMs, systems manufacturers, selected resellers and retailers under the Western Digital® and WD® brand names. Visit the Investor section of the company's Website (www.westerndigital.com) to access a variety of financial and investor information

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