WD Launches Stock Repurchase Program, Shifts To NASDAQ

Irvine-based Western Digital, the maker of disk drives, said today that it has authorized a $1.5 billion stock repurchase program, and will also shift its exchange listing to the NASDAQ Global Select market. WD said the shift to the NASDAQ represents a "new beginning" for the company following its acquisition of Hitachi Global Storage Technology (HGST); the shift occurs on June 1st. The company explained the share repurchase program will "create additional value for our customers and shareholders."