Wave Systems Corp. (fka WAVXQ)

[Fullmoon]

Let's hope they're all FDEs !!!!!

Seagate to ship 1 billion hard drives in 5 years
3 Jun, 2008, 1907 hrs IST, PTI

http://economictimes.indiatimes.com/Infotech/Software/Seagate_to_ship_1_bn_hard_drives_in_5_years/articleshow/3096936.cms

Seagate Technology on Tuesday said it plans to ship one billion hard drives globally in the next five years.

Seagate claims to be the first hard drive manufacturer worldwide to have shipped one billion hard drives till date.

"Although it took 29 years for us to reach the 1 billion milestone, the company will ship its next billion in less than five years," Seagate Managing Director (Asia-Pacific) Ban Seng said.

Seagates touches the billionth mark as the demand for hard drive shipments continue to increase.

According to Gartner Group, last year alone over 500 million drives were shipped, compared to 1990, when slightly less than 30 million were shipped. The company is also betting big on the home users. The digital content explosion creates a huge demand for storage, he added.

Analysts estimate that there are over 1 billion digital still and phone cameras in the world and that those devices accounted for 250 billion created images in 2006. It is predicted that user-generated content sites (like Flickr and YouTube) would produce 65 billion downloads and views by 2010.

"Digital content proliferation is a long-term phenomenon," according to John Rydning, IDCs Research Director for hard drives. "This phenomenon is pushing demand for hard drives to more than 600 million units per year by 2010 and will continue to fuel hard drive demand in the decade ahead."