No. of Recommendations: 0
And to follow up the question of "Why would WD spend $4B for something that's about to become obsolete" - here's why:

"With its $4.3 billion purchase of Hitachi Global Storage Technologies, Western Digital Corp. (WD) (NYSE: WDC) will secure nearly double the hard-disk drive (HDD) market share of No. 2 supplier Seagate Technology. Seagate executives must now confront the harsh probability that their company could be further sidelined in the hard-disk drive market."
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