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WDC - Investors Shouldn't Ignore Seagate's SSD Business
Western Digital Corporation
Seagate Technology(NASDAQ: STX) is one of the two largest makers of platter-based hard disk drives (HDDs) in the world. It generated 92% of its revenues from HDDs last quarter, and the rest came from solid state drives (SSDs) and other data storage products.
SSDs, which store their data on NAND flash memory chips instead of platters, are smaller, faster, more power-efficient, and less prone to damage than HDDs. But they're also more expensive -- which makes them less appealing to cost-conscious data center customers.