Technical Review on Seagate Technology and Western Digital: Can
Current Industry's strength Sustain?
LONDON, January 18, 2013 /PRNewswire/ --
Many companies in
the data storage devices industry impressed with their last
earnings reports with strong results, high average selling prices,
high margins and encouraging dividend payouts. In view of this
trend, StockCall professionals have released technical reports on
Seagate Technology Public Limited Company (NASDAQ: STX) and Western
Digital Corporation (NASDAQ: WDC). Sign up now to download these
reports at http://www.stockcall.com/signup
Rising demand for high capacity storage is being driven by the
exponential growth in digital content. Industry players like
Seagate Technology and Western Digital, are focused on innovating
new, more powerful, slimmer, more energy efficient, wireless,
helium filled or TV compatible options to meet the evolving needs
of consumers. Additionally, cloud computing is becoming a norm as
more businesses starts to move in this direction to be more
cost-effective, and one company in this space that would be making
the most of this shift is Seagate Technology. A free technical
report on Seagate Technology is just a click away at
http://www.StockCall.com/STX011813.pdf
However, moving forward there is concern that the high average
selling prices which industry players have been enjoying could see
a decline. The disruptive effects of the Thai floods are now
diminishing and this will likely lead to a rise in production and
thus supply. Furthermore, the industry has recently emerged from a
significant round of consolidations like the acquisition of
Hitachi's hard-disk drive business early in 2012 by Western Digital
Corp. [Free Report on WDC] [(1)].
This acquisition has been an integral part of Western Digital's
first quarter profit boost. But, now there is belief that newly
formed giants as a result of M&A may enter into a price war as
they battle to grow their market share.
Over the coming two weeks data storage devices companies are
scheduled to report results from the most recent quarter. Western
Digital will release its earnings on January
23rd after the market closes, whilst Seagate is
expected to be reporting its results on January 28th after the close as well.
It will be interesting to see how the companies have fared over the
holiday season.
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- Western Digital Corporation Technical Analysis [
http://www.StockCall.com/WesternDigitalCorporation011813.pdf ]
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