Is Western Digital's Stock Undervalued After The SanDisk Announcement?

Hard drive manufacturer Western Digital has endured soft product sales in recent quarters, with a slow PC market weighing on the consumer IT market. For the first nine months of the year, Western Digital has faced a 26% decline in the number of desktop and notebook hard drives shipped, to about 87 million units. Similarly, its retail sales have also fallen in the same period, with the combined consumer electronics and branded product shipments declining by over 4% over the prior year period to 6...