SOURCE: The Bedford Report

The Bedford Report

October 07, 2010 08:47 ET

Data Storage Companies Adapting to New Computing Trends

The Bedford Report Provides Analyst Research on Brocade and Western Digital

TORONTO--(Marketwire - October 7, 2010) - While new tablet computers such as the iPad and PlayBook threaten to eat into traditional computer company's revenues, the Data Storages Devices Industry seems well insulated from this. Low cost data storage options do not seem to be affected by higher end products. Furthermore, with the increase in popularity of new technology that supports media rich content, customers are again looking to supplement their technology arsenals with data storage devices. The Bedford Report examines the outlook for companies in the Data Storage Devices Industry and provides research reports on Brocade Communications Systems, Inc. (NASDAQ: BRCD) & Western Digital Corporation (NYSE: WDC). Access to the full company reports can at the following links:

http://www.bedfordreport.com/2010-10-BRCD

http://www.bedfordreport.com/2010-10-WDC

This year a large majority of major Data Storage companies have been reporting dramatic increases in demand for their products. According to Standard & Poor's key drivers in the industry's rebound have been content digitization of old media such as paper and film, longer record retention for compliance with government regulations as well as the increasing popularity of social networks.

The Bedford Report releases regular market updates on the Data Storage Market so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

It is certainly buying season for major tech players hoping to boost their product portfolios at a time when the lines in the data center market are blurring. Shares of Brocade skyrocketed in late September due to rumours, including a couple reported in Barron's, that IBM was considering acquiring the networking gear maker.

Also in acquisition news, Western Digital announced this summer that it has completed the previously announced acquisition of the magnetic media sputtering operations of Hoya Corporation for roughly $233 million.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.bedfordreport.com/disclaimer

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