Second, the data-storage sector is going through a consolidation, with big players such as IBM (IBM), Hewlett-Packard and EMC buying up smaller firms, burnishing the value of those that remain. Earlier this month, EMC purchased Isilon for $2.25 billion after having been on a buying binge for the past few years.
Standard & Poor's Ratings Services recently placed Seagate's BB+ corporate credit rating on credit watch with negative implications after the hard-disk-drive maker said it may go private. And that could spark share-price appreciation on potential takeover rumors.
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