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

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

  PR Newswire

  LONDON, 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

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 

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 23 ^rd after the market closes, whilst Seagate is expected
to be reporting its results on January 28 ^th after the close as well. It will
be interesting to see how the companies have fared over the holiday season.


1.Western Digital Corporation Technical Analysis [ ]

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