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Thanks, Anurag.

From my reading, HDD are still the primary (and cheapest) storage media. SSD are still a relatively small share of the storage market and are much more expensive per gigabyte, though that will almost certainly come down. Seagate is supposed to be in SSD, as well, but is playing catch up a bit on that.

It recently turned down a LBO offer and instead is leveraging its balance sheet a bit (further swinging to a net debt position) to help fund a rather large share repurchase ($2 billion, out of a $7 billion market cap). Has the EBIT to handle the interest and with $1 billion in FCF, should be able to pay down the debt relatively easily.

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