Day: December 22, 2005

Western Digital Update

Wdc122105Today WDC broke out of its base, gapping up 18.6% on 26.3 million shares — 9.8x normal volume.  The catalyst was news of Seagate Technology’s (STX) buyout of Maxtor Corp. (MXO) at about a 60% premium.  Disk drives are now officially in play.  See my post of four days ago (12/17/05), when I introduced WDC.  Cheers!