ex div, page-3

Desyner,

I thought that the $2bil issue was the exchange rate changes leading to a reduction on the NTA (please correct me if I am wrong). The exchange rate as at 30 June 2010 WILL show up as a +$1bil improvement in the NTA this quarter. This may already be factored into the share price to some extent, if it is not then I expect the price to go to $12.93 on 18th August 2010 (given an NTA of around $11). Or more if we get some improvement in property prices.

WDC may hold above $13 for the rest of the year if we can stay out of a double dip.