SOURCE: The Bedford Report

The Bedford Report

December 17, 2010 11:25 ET

Hard Disk Drive Makers Poised for Winter Profits

The Bedford Report Provides Analyst Research on Seagate Technology & Western Digital

NEW YORK, NY--(Marketwire - December 17, 2010) - This fall, several industries in the tech sector began to lag. Growing concerns about PC demand sent shares for many noticeable sector heavyweights falling while poor quarterly guidance from the likes of Cisco and Cree have kept the selloff going. While new tablet computers such as the iPad and Dell's Streak threaten to eat into traditional computer companies' revenues, the Data Storages Devices industry seems well insulated from this. Low cost data storage options are not 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 Seagate Technology PLC (NYSE: STX) and Western Digital Corporation (NYSE: WDC). Access to the full company reports can be found at:

Analysts had been forecasting negative long term effects of the iPad on the PC industry. According to market research firms Gartner and IDC's estimates, worldwide PC shipments grew 7.6 percent during the third quarter, well below its anticipated projection of 12.7 percent. According to IDC, storage system revenues managed to surge an impressive 19 percent during the same quarter despite this drop in PC sales.

The Bedford Report releases regular market updates on the Data Storage Devices Industry 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 free at and get exclusive access to our numerous analyst reports and industry newsletters.

Seagate and Western Digital compete in the hard disk drive (HDD) market. According to the market research firm iSuppli, HDDs are expected to receive a late-year boost during the holiday season as shipments rally during the fourth quarter. iSuppli says HDD shipments will reach an estimated 169.2 million units during the last three months of the year, up more than 2 percent from 165.5 million units in the third quarter.

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 publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at

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