"Activist firm Elliott pushes Western Digital to split its businesses"

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Six years ago Western Digital paid $19 billion to buy SanDisk, boosting its ability to make flash memory storage chips used in smartphones and tablets. But operating two very different businesses as part of the same company has held it back, operationally, financially and strategically, Elliott wrote.
"When a strategy has so clearly failed to meet its objectives, we believe it is time to consider other alternatives," the letter said.
Western Digital makes hard drives, USB drives and memory cards. If it reverts to concentrate on its hard drives businesses, its stock price could surge to at least $100 a share by the end of next year, Elliott forecast. A "full separation of the Flash business can allow both HDD and Flash to be more successful and unlock significant value," the letter said.
 
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