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Western Digital (WDC +4%) trades higher after announcing it recently bought Arkeia, a provider...

Western Digital (WDC +4%) trades higher after announcing it recently bought Arkeia, a provider of storage backup software and VMware backup appliances for SMBs. The purchase expands WDC's enterprise lineup - the company already offers NAS servers  for SMBs - and (as The Register observes) puts it in competition with Seagate's (STX +1.4%) EVault backup/recovery product line. It also helps WDC lower its PC dependence a bit at a time when doing so seems a good idea.
Comments (1)
  • (STX) gives 4.3% dividend. (WDC) gives 2.2%. I choose (STX) over (WDC).
    22 Jan 2013, 10:37 PM Reply Like
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