this post was submitted on 09 Nov 2023
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We are digital librarians. Among us are represented the various reasons to keep data -- legal requirements, competitive requirements, uncertainty of permanence of cloud services, distaste for transmitting your data externally (e.g. government or corporate espionage), cultural and familial archivists, internet collapse preppers, and people who do it themselves so they're sure it's done right. Everyone has their reasons for curating the data they have decided to keep (either forever or For A Damn Long Time (tm) ). Along the way we have sought out like-minded individuals to exchange strategies, war stories, and cautionary tales of failures.
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Dunno why everyone in here is speculating when the heart of the issue has been right there since the review kicked off: https://www.reuters.com/business/elliott-offers-1-bln-help-separate-western-digitals-flash-business-2022-05-03/
The spinoff is as simple as the current valuation of the two companies together doesn’t make sense. Bank analysts are suggesting the HDD business on its own nearly constitutes the entirety of WDC’s current market valuation. Which means the flash business unit would intrinsically be valued at $0. Which is idiotic, and Elliott knows that. Force the spin off, and WDC will remain close to its current valuation, and the $0 flash BU valuation will immediately be “re-valued” at something significantly more than $0, thus making money for all the shareholders, particularly those with more than 6% ownership in the business.