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Technical Review on Seagate Technology and Western Digital: Can Current Industry’s strength Sustain?

January 18, 2013

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 [http://www.stockcall.com/WDC011813.pdf ]]
[(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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        1) Western Digital Corporation Technical Analysis [
          http://www.StockCall.com/WesternDigitalCorporation011813.pdf ]

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Source: PR Newswire