SOURCE: The Bedford Report

The Bedford Report

October 07, 2010 08:47 ET

New Tablet Devices Driving Growth for Data Storage Companies

The Bedford Report Provides Analyst Research on EMC and NetApp

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 EMC Corporation (NYSE: EMC) and NetApp, Inc. (NASDAQ: NTAP). Access to the full company reports can be found at the following links:

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 and get exclusive access to our numerous analyst reports and industry newsletters.

In its recent earnings call, Data Storage heavyweight EMC Corporation has cited an IT infrastructure upgrade cycle as one of its key drivers. Companies stopped IT investments in 2009 and the pent-up demand is paying off nicely. Meanwhile NetApp has been gaining market share in recent quarters due to its presence in the network-attached storage market, which is expected to grow faster than the overall data storage market.

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