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STX - Seagate Technology


rkbabang

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Anyone own or looking at Seagate?  Looking briefly it looks undervalued in a generally overvalued market.  Not a ton of debt, pays a dividend, good solid business being one of the last 3 HDD manufacturers on Earth.  I don't see Google, Amazon, et al manufacturing their own drives anytime soon, so Seagate should have a good business selling storage to the cloud for years to come.  Also their HAMR technology might finally be coming to market soon.  Solid state drives (SSD) are somewhat of a threat in the PC/labtop/tablet market, but Seagate's hybrid SSD/HDD looks interesting and SSD will be too expensive and unreliable to use in large data centers for the foreseeable future.

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