Seagate Technology (STX)

[$UPERMAN]

Seagate and Western Digital Benefit From Growing Data Volumes
Date : 11/07/2011 @ 8:16AM
Source : MarketWire
Stock : The Bedford Report (STX)
Quote : 18.35 0.01 (0.05%) @ 4:29PM

Seagate and Western Digital Benefit From Growing Data Volumes

Seagate Technology. (MM) (NASDAQ:STX)
Today : Monday 7 November 2011

The data storage industry is benefitting from the rapidly growing data volumes but a few factors appear to be inhibiting significant growth. Market uncertainty and wavering investor confidence has adversely affected almost every aspect of the technology sector. The Bedford Report examines the outlook for companies in the Data Storage Devices Industry and provides research reports on Seagate Technology PLC (NASDAQ: STX) and Western Digital Corporation (NYSE: WDC). Access to the full company reports can be found at:

www.bedfordreport.com/STX

www.bedfordreport.com/WDC

Hard Disk Drive (HDD) manufacturers are on the upswing as disk prices doubled in the past two weeks following the severe flooding in Thailand and could potentially rise by the same amount again, channel sources have warned. John Rydning, research vice president for hard disk drives at technology consultant IDC, estimated that factories in Thailand currently affected by flooding account for some 25 percent of worldwide HDD production.

The Bedford Report releases stock research on the Data Storage Devices Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

This year a large majority of major Data Storage companies have been reporting dramatic increases in demand for their products. According to Standard & Poor's key drivers in the industry's rebound have been content digitization of old media such as paper and film, longer record retention for compliance with government regulations as well as the increasing popularity of social networks.

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