Seagate Technology

   

       Seagate Technology is the largest manufacturer of computer hard drives in the world, dominating approximately one-third of the hard disk drives market. As technology continues to move towards more wireless and more compact devices, with MP3 players, smart phones, laptops, cameras, and other electronic devices (That use memory), the demand for Seagate's products will continue to increase. They seem to be fully equipped to respond especially with the recent acquisition of Maxtor, and plenty of extra cash. While some analysts are Ranking WDC high as well, and Seagate has little to no economic moat in its sector, Seagate will start researching and producing flash drives, which could pose a threat to the hard drive industry in years to come. This should further increase Seagate's edge over the competition. Second quarter (Ending in December) numbers show big jumps revenue/income largely due to an increasing demand  from primary-equipment manufacturers like HP, Dell, EMC, and IBM, which account for nearly 60% of Seagate's annual revenue.  

        As of today, February 12, Seagate will be teaming up with WinMagic to assist with a combined information/encryption initiative. To appeal to large companies with endless quantities of sensitive information and lots of different information formats and hardware devices, this joint effort will allow companies to centrally arrange and store information in all types of formats. If any of the members understand IT jargon, the detail can be found here: 

 http://news.morningstar.com/newsnet/ViewNews.aspx?article=/BW/20080212005350_univ.xml   

  Due to the edge that Seagate seems to have in an industry that is high in demand, I am recommending a BUY for STX at 24$ a share.