Western Digital's CEO Discusses Q3 2012 Results - Earnings Call Transcript

Western Digital (WDC)

Q3 2012 Earnings Call

April 26, 2012 5:00 pm ET

Executives

Bob Blair -

John F. Coyne - Chief Executive Officer, Executive Director and Chairman of Executive Committee

Wolfgang U. Nickl - Chief Financial Officer and Senior Vice President

Analysts

Keith F. Bachman - BMO Capital Markets U.S.

Richard Kugele - Needham & Company, LLC, Research Division

Aaron C. Rakers - Stifel, Nicolaus & Co., Inc., Research Division

Robert Cihra - Evercore Partners Inc., Research Division

Scott D. Craig - BofA Merrill Lynch, Research Division

Ananda Baruah - Brean Murray, Carret & Co., LLC, Research Division

Mark A Moskowitz - JP Morgan Chase & Co, Research Division

Benjamin A. Reitzes - Barclays Capital, Research Division

Scott Schmitz - Morgan Stanley, Research Division

Sherri Scribner - Deutsche Bank AG, Research Division

Jayson Noland - Robert W. Baird & Co. Incorporated, Research Division

Mark S. Miller - Noble Financial Group, Inc., Research Division

Presentation

Operator

Good afternoon, and thank you for standing by. Welcome to Western Digital's Third Quarter Financial Results for Fiscal Year 2012. [Operator Instructions] As a reminder, this call is being recorded. Now, I'll turn the call over to Mr. Bob Blair. You may begin.

Bob Blair

Thank you. I want to mention that we will be making forward-looking statements in our comments in response to your questions concerning growth in the storage industry, the timing of our pending divestiture transactions with Toshiba, capital spending and industry conditions and our financial results expectations for the June quarter. These forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including those listed in our 10-Q filed with the SEC on January 27, 2012. We undertake no obligation to update our forward-looking statements to reflect new information or events.

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