Shares of Western Digital Corp (NASDAQ:WDC) ended Tuesday session in green amid volatile trading. The shares closed up +0.06 points or 0.11% at $52.37 with 5.53 million shares getting traded. Post opening the session at $52.52, the shares hit an intraday low of $51.52 and an intraday high of $53.44 and the price vacillated in this range throughout the day. The company has a market cap of $15.09 billion and the numbers of outstanding shares have been calculated to be 284.26 million shares.
on September 6, 2016 Helping the world harness the power of data in media workflows, Western Digital Corporation (WDC) and Scale Logic will showcase their HyperFS enterprise file management solution and the HGST Active Archive System, creating a high-performance file share with active archiving capabilities. The workflow solution delivers petabyte scale for long-term data protection, easy data management, minimal and non-disruptive maintenance, and low total cost of ownership (TCO).
Scale Logic and HGST will be at IBC, RAI Amsterdam, Hall 7, Booth H39, September 9-13. Supporting video and film post-production, and video content creation workflows, Scale Logic easily runs media asset management (MAM) software, as well as transcode, ingest and manage object storage archive from the HGST system. Workflow demonstrations will also include other software and application providers as interoperability is key in the media and entertainment market.
Key Benefits of the workflow being demonstrated are
- High-performance file access, supporting heterogeneous operating system environments
- IP workflows that deliver 4K and Ultra HD (UHD) content efficiently and uninterrupted
- Scale-out architecture for media workloads that meet petascale requirements, and for tomorrow’s exascale growth
- Reduced TCO using Scale Logic’s storage and server platforms and HGST Active Archive
- Significant storage cost savings using policy-based tiered storage
- High levels of data security and data preservation
- Optional mirroring and replication for archive disaster protection
“Media and entertainment is at the forefront of storage technology where big data capacities, high-bandwidth performance and low latency demands must deliver video for both monetization and for data analytics,” said Bob Herzan, president and CEO at Scale Logic. “Scale Logic allows users to easily migrate content from a SAN or NAS to the HGST Active Archive System, freeing up primary storage while protecting data that is at rest or is no longer active.”
Shares of MeetMe Inc (NASDAQ:MEET) ended Tuesday session in red amid volatile trading. The shares closed down -0.41 points or -6.98% at $5.46 with 4.77 million shares getting traded. Post opening the session at $5.75, the shares hit an intraday low of $5.23 and an intraday high of $5.85 and the price vacillated in this range throughout the day. The company has a market cap of $280.82 million and the numbers of outstanding shares have been calculated to be 52.48 million shares.
MeetMe Inc (MEET) on September 6, 2016 announced that its board of directors has approved a one year share repurchase program that enables the company to purchase up to $15 million of its shares of common stock from time to time in the open market or through negotiated transactions. Share purchases will be funded from cash from operations.
“With significant free cash flow being generated through our successful business model, we believe our stock is undervalued and the repurchase of our shares is an efficient use of our excess capital and will enhance shareholder value,” said Geoff Cook, Chief Executive Officer of MeetMe. “We believe the share repurchase program is supported by our growing scale and increased profitability. The strength of our balance sheet gives us the confidence and flexibility to execute this program and the Skout, Inc. acquisition for the benefit of our shareholders.”
Repurchases under MeetMe’s program will be made in the open market or through privately negotiated transactions intended to comply with the Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements, and other relevant factors. The share repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended at any time at the Company’s discretion. MeetMe had approximately 54.4 million shares of common stock outstanding as of August 31, 2016.