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Western Digital (WDC) and Seagate (STX) accounted for 87% of the hard drive market in Q2,...

Western Digital (WDC) and Seagate (STX) accounted for 87% of the hard drive market in Q2, estimates IHS iSuppli. Western, having recovered from disruptions caused by Thai flooding, saw its share rise to 45%. Seagate's slipped to 42%, and Toshiba made up the remaining 13%. Depressed valuations and expectations Seagate and Western's near-duopoly power will continue yielding favorable pricing have fueled a strong summer rally in the companies' shares, in spite of weak PC sales.
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