NEW YORK, NY--(Marketwire - Nov 7, 2011) - The data storage industry is benefitting from the rapidly growing data volumes but a few factors appear to be inhibiting significant growth. Market uncertainty and wavering investor confidence has adversely affected almost every aspect of the technology sector. The Bedford Report examines the outlook for companies in the Data Storage Devices Industry and provides research reports on Seagate Technology PLC (NASDAQ: [ STX ]) and Western Digital Corporation (NYSE: [ WDC ]). Access to the full company reports can be found at:

[ www.bedfordreport.com/STX ]
[ www.bedfordreport.com/WDC ]

Hard Disk Drive (HDD) manufacturers are on the upswing as disk prices doubled in the past two weeks following the severe flooding in Thailand and could potentially rise by the same amount again, channel sources have warned. John Rydning, research vice president for hard disk drives at technology consultant IDC, estimated that factories in Thailand currently affected by flooding account for some 25 percent of worldwide HDD production.

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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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