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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sarmad Y. Hermiz who wrote (27589)	1/8/2006 1:50:40 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95587

A little bit of "color" on STX. <<January 6, 2006- (FinancialWire) Seagate Technology (NYSE: STX) yesterday announced plans to buy access to customers by expanding through acquisitions in 2006 and beyond, according to an comments made by company president Bill Watkins to crowds at a Las Vegas Consumer Electronics Show yesterday. Two weeks ago Seagate announced plans to buy rival Maxtor Corp. (NYSE: MXO), indicating the company remains bullish on the spread of flash memory technology already used in products like Apple Computer Inc.'s (NASDAQ: AAPL) iPod Nano. Seagate reportedly control about 30 percent of the global electronic storage market, but the acquisition of rival Maxtor could boost its share to beyond 40 percent. Seagate is already the world's leading supplier of computer hard drives according to reports. "Hard disc drives are at the core of today's pulse-pounding, interactive and incredibly realistic gaming experience," stated Watkins yesterday. Despite continued growth of flash memory in devices like handheld PDAs, to MP3 players and mobile phones, Watkins is currently on tour trumpeting the future of online gaming. "As consumers and gamers demand more and more from PC and console gaming, Seagate will be there to provide the horsepower that brings these exciting new worlds to life," Watkins said. Seagate Technology shares dipped 19 cents to close at $20.85 on Thursday. Maxtor shares fell 4 cents to close at $7.30.>> STX also joined the "party" this past week with a 7 percent gain.