Seagate Technology (NASDAQ:STX)

CAPS Rating: 3 out of 5

Engages in the design, manufacturing and marketing of rigid disc drives. Produces a range of rigid disc drive products, which are used in enterprise servers, mainframes and workstations.

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Player Avatar BudandMolly (53.70) Submitted: 2/17/2011 9:41:51 AM : Outperform Start Price: $13.20 STX Score: +100.32

SEDs (Self-encrypting drives) are the next big thing in physical security of data. The government and businesses that need to protect data will rapidly move toward this method vice security software alone. Seagate is expanding rapidly in this area and has many of its drives government certified. These drives will be in laptops and data centers. With Cloud computing rapidly expanding, the need for mass encrypted storage will be even greater.

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