Monday, November 21, 2011

Icy News: Arbitration Award of Half Billion Dollar Rendered vs. WD

"Western Digital Corp. reported that, on November 18, 2011, an arbitration award of $525 million was rendered against the company by a sole arbitrator in a pending confidential arbitration action in Minnesota." -via StorageNewsletter

With WD being fined for the amount seems bad at the time where their hard drive production will be lower for the coming months. With the company planning to challenge the result, it could lead to more issues as they go into drought with HDD's. Will WD stock drop further because of this? Or perhaps have no influence?  Let us know what you think about this!

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