Neterion, Alacritech Partner

CUPERTINO and SAN JOSE, Calif. -- Neterion(R), Inc., the leader in the 10 Gigabit Ethernet (10 GbE) adapter market, and Alacritech(R), Inc., the leader of innovative data-delivery technology, announced today that the two companies have entered into a licensing agreement. The agreement enables Neterion to incorporate Alacritech's patented Dynamic TCP Offload Technology(R) for Microsoft Chimney Offload(R) into Neterion 10 GbE adapters.

"As the leader in the 10 Gigabit Ethernet adapter market, Neterion continues to seek partnership opportunities with innovative technology leaders in the 10 GbE ecosystem such as Alacritech in order to provide advanced and complete product solutions to both OEMs and end users," said Dave Zabrowski, president & CEO of Neterion. "Adding TOE capability that takes advantage of Alacritech's patents is a natural complement to our industry leading stateless hardware acceleration, like Large Send and Receive Offloads (LSO / LRO). The primary beneficiaries of this agreement are end users who wish to scale the performance of their servers by deploying a TOE solution using Neterion's adapters -- the 10 GbE adapter most broadly deployed by tier-1 server and storage OEMs for its robustness, performance and ease-of-use."

Neterion Inc.

Alacritech Inc.

117506 150098 Newswire

2008-04-03T17:27:00Z 2008-04-03T17:27:00Z 2008-04-03T17:27:00Z

WD announces additional $500M common stock repurchase authorization

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LAKE FOREST, Calif. -- Western Digital Corp. (NYSE: WDC - News) today announced authorization of a $500 million increase in its common stock repurchase program.Since May 2004, under previous authorizations totaling $250 million, the company has repurchased approximately 16.57 million shares at an average price of $14.94 per share for approximately $247.5 million. The $500 million increase in the repurchase authorization under the common stock repurchase program is effective immediately and extends the program by five years. The amount of purchases will depend on market conditions and corporate considerations. Share repurchases will be made on the open market.

"We continue to believe that Western Digital's stock is a compelling investment, based on our strengthened business model, our strategy and the industry's strong growth prospects," said John Coyne, WD president and chief executive officer. "Our sustained strong performance continues to generate substantial free cash flow even while we continue to invest in our technology, operations and integration of the recently-acquired Komag media operations into our business. The additional authorization reflects our confidence in the company's financial strength, its future and our commitment to enhancing shareholder value."

Western Digital Corp.