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WDC » Topics » Item 5. Market for Registrants Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities

This excerpt taken from the WDC 10-K filed Sep 14, 2005.
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
      Western Digital’s common stock is listed on the New York Stock Exchange, Inc. (“NYSE”) under the symbol “WDC”. The approximate number of holders of record of common stock of the Company as of August 26, 2005 was 2,673.
      The Company has not paid any cash dividends on its common stock and does not intend to pay any cash dividends on common stock in the foreseeable future. The Company’s $125 million credit facility prohibits the Company from paying cash dividends on its common stock.
      The high and low sales prices of the Company’s common stock, as reported by the NYSE, for each quarter of 2005 and 2004 are as follows:
                                   
    First   Second   Third   Fourth
                 
2005
                                
 
High
   $ 9.13     $ 11.00     $ 13.12     $ 16.10  
 
Low
     6.39       7.95       9.84       11.64  
2004
                                
 
High
   $ 14.00     $ 14.95     $ 13.55     $ 11.69  
 
Low
     8.44       10.20       9.64       7.87  
      The following table provides information about repurchases by the Company of its common stock during the quarter ended July 1, 2005:
                                   
            Total Number of   Maximum Value of
            Shares Purchased as   Shares that May Yet
    Total Number       Part of Publicly   be Purchased
    of Shares   Average Price   Announced   Under the
    Purchased   Paid per Share   Program(1)   Program(2)
                 
April 2, 2005 — April 29, 2005
     839,300     $ 12.67       839,300     $ 50,288,127  
April 30, 2005 — May 27, 2005
     —     $ —       —     $ 50,288,127  
May 28, 2005 — July 1, 2005
     824,000     $ 13.34       824,000     $ 39,297,114  
                         
 
Total
     1,663,300     $ 13.00       1,663,300     $ 39,297,114  
                         
 
(1)  Represents shares purchased in open-market transactions.
 
(2)  On May 5, 2004, the Company announced that its Board of Directors had authorized the Company to repurchase up to $100 million of the Company’s common stock in open market transactions. The program does not have an expiration date.

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