Bullish on Storage Stocks
At its recent analyst day, Seagate Technology (STX) cited stats from technology market researchers that underscore the need for storage. In 2005 there were more than 20 trillion e-mails created. There are 12 billion instant messages being sent daily, and more than 70 million blogs worldwide. “These are mind-boggling numbers,” says Richard Stice, who follows storage stocks for Standard & Poor's Equity Research.
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