SOURCE: World Street Fundamentals

May 09, 2011 10:23 ET

Growing Worldwide Communication Increases Demand -- Industry Report Featuring Western Digital and Seagate Technology

HONG KONG--(Marketwire - May 9, 2011) - www.WorldStreetFundamentals.com released its industry report highlighting Western Digital Corp. (NYSE: WDC) and Seagate Technology PLC (NASDAQ: STX). Full fundamental and technical analysis is available at www.WorldStreetFundamentals.com/Reports.php.

Worldwide communication networks are growing exponentially, at the hands of both consumer demand and growing commercial requirements. Much of today's internet infrastructure relies on the cloud networking aspect of IP communications, revealing a secondary market of demand for supporting products. Computer storage devices remain a significant product in both cost and necessity to run computer systems. As a result, this past quarter has seen investors turn to companies providing supporting products to computer systems, specifically computer storage device companies.

Moreover, the end-point infrastructure necessary to support, develop and improve existing network connections continues to accelerate at a higher rate than physical fiber and cable. Replacement of service provider's front-end equipment is often the most feasible option to realize effective bandwidth increases. This requirement from commercial customers is furthering the case for continued order-flow in the storage device sector.

World Street Fundamentals has highlighted Western Digital Corp. for its business of designing, developing, manufacturing and selling hard drives. It sells its products worldwide to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) for use in computer systems, subsystems or consumer electronics (CE) devices, and to distributors, resellers and retailers. Its hard drives are used in desktop computers, notebook computers, and enterprise applications such as servers, workstations, network attached storage, storage area networks and video surveillance equipment. The entire report on Western Digital Corp. (NYSE: WDC) is available here: www.WorldStreetFundamentals.com/ViewFullReport.245.php.

World Street has highlighted Seagate Technology for its range of disk drive products addressing enterprise applications, where its products are primarily used in enterprise servers, mainframes and workstations; client compute applications, where its products are used in desktop and notebook computers; and client non-compute applications, where its products are used in a variety of devices, such as digital video recorders (DVRs), and other consumer electronic devices, such as personal data backup systems, portable external storage systems and digital media systems. The entire report on Seagate Technology PLC (NASDAQ: STX) is available here: www.WorldStreetFundamentals.com/ViewFullReport.138.php.

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