Western Digital, Seagate should be bought before next leg up, says Brean Capital Brean Capital said Western Digital (WDC) and Seagate (STX) should be bought ahead of the next leg up and believes both remain structurally attractive heading into quarterly results. The firm expects operating margins to continue and sees cash flow valuation as dramatically underappreciated. Both are Buy rated.
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Western Digital CFO Leyden to retire, Olivier Leonetti to succeed Western Digital (WDC) announced that CFO Tim Leyden is retiring. He is being succeeded by Olivier Leonetti, who has served as vice president, finance at Amgen (AMGN) from 2011. Leyden will remain with the company through January 2015 in a transition role and advisory capacity to president and chief executive officer Steve Milligan and to Leonetti for an interim period to ensure a smooth transition. The changes are effective as of September 8.