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 Brocade Communications Systems, Inc. (NASDAQ: BRCD) & Western Digital Corporation (NYSE: WDC). Access to the full company reports can 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.
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