Western Digital Corp
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Information Technology : Technology Hardware, Storage & Peripherals | Mid Cap Value
Company profile

Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The Company's portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions). The Company develops and manufactures a portion of the recording heads and magnetic media used in its hard drive products.

Postmarket

Last Trade
Delayed
$44.90
0.02 (0.04%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$44.88
Day's Change
-0.97 (-2.12%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
46.54
Day's Low
44.74
Volume
(Heavy Day)
Volume:
4,834,076

10-day average volume:
3,896,748
4,834,076

iQIYI Provides Update on Its Internal Review

11:11 am ET October 5, 2020 (PR Newswire) Print

iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today provided an update on the status of its internal review. As previously disclosed, shortly after the publication of a report issued by the short-seller firm Wolfpack Research in April 2020 (the "Wolfpack Report"), the Company commenced an internal review into certain allegations raised in the Wolfpack Report (the "Internal Review"). The Internal Review is overseen by the Company's independent audit committee, which has been assisted in its efforts by professional advisors, including a Big 4 accounting firm that is not the Company's auditor. The Internal Review within the agreed scope has been substantially completed and did not uncover any evidence that would substantiate the allegations.

The Company will continue to cooperate with the SEC in connection with the ongoing SEC investigation, as previously disclosed, including providing certain documents and records related to the Internal Review and other related information, subject to compliance with applicable law. The Company is unable to predict the duration, outcome or impact of the SEC investigation.

About iQIYI

iQIYI, Inc. is an innovative market-leading online entertainment service in China. Its corporate DNA combines creative talent with technology, fostering an environment for continuous innovation and the production of blockbuster content. iQIYI's platform features highly popular original content, as well as a comprehensive library of other professionally-produced content, professional user generated content and user-generated content. The Company distinguishes itself in the online entertainment industry by its leading technology platform powered by advanced AI, big data analytics and other core proprietary technologies. iQIYI attracts a massive user base with tremendous user engagement, and has developed a diversified monetization model including membership services, online advertising services, content distribution, online games, live broadcasting, IP licensing, talent agency, online literature and e-commerce etc.

For more information, please contact:

Investor RelationsiQIYI, Inc.+86 10 8264 6585ir@qiyi.com

SOURCE iQIYI, Inc.

https://rt.prnewswire.com/rt.gif?NewsItemId=CN47663&Transmission_Id=202010050900PR_NEWS_USPR_____CN47663&DateId=20201005

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