LONDON, January 18, 2013 /PRNewswire/ --
Many companies in the data storage devices industry impressed with their last earnings reports with strong results, high average selling prices, high margins and encouraging dividend payouts. In view of this trend, StockCall professionals have released technical reports on Seagate Technology Public Limited Company (NASDAQ : STX ) and Western Digital Corporation (NASDAQ : WDC ). Sign up now to download these reports at http://www.stockcall.com/signup
Rising demand for high capacity storage is being driven by the exponential growth in digital content. Industry players like Seagate Technology and Western Digital, are focused on innovating new, more powerful, slimmer, more energy efficient, wireless, helium filled or TV compatible options to meet the evolving needs of consumers. Additionally, cloud computing is becoming a norm as more businesses starts to move in this direction to be more cost-effective, and one company in this space that would be making the most of this shift is Seagate Technology. A free technical report on Seagate Technology is just a click away at http://www.StockCall.com/STX011813.pdf
However, moving forward there is concern that the high average selling prices which industry players have been enjoying could see a decline. The disruptive effects of the Thai floods are now diminishing and this will likely lead to a rise in production and thus supply. Furthermore, the industry has recently emerged from a significant round of consolidations like the acquisition of Hitachi's hard-disk drive business early in 2012 by Western Digital Corp. [Free Report on WDC] [(1)]. This acquisition has been an integral part of Western Digital's first quarter profit boost. But, now there is belief that newly formed giants as a result of M&A may enter into a price war as they battle to grow their market share.
Over the coming two weeks data storage devices companies are scheduled to report results from the most recent quarter. Western Digital will release its earnings on January 23rd after the market closes, whilst Seagate is expected to be reporting its results on January 28th after the close as well. It will be interesting to see how the companies have fared over the holiday season.
- Western Digital Corporation Technical Analysis [ http://www.StockCall.com/WesternDigitalCorporation011813.pdf ]
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