Looks like Seagate got itself some spinpoints. Seagate may be leveraging this to build its way into the Chinese market more than it is. Now there are 3 big spinning rust makers: Seagate, Western Digital, and Toshiba. A Seagate-Toshiba hookup wouldn’t surprise me, though the regulators are likely to start eyeing this stuff more closely for anti-monopoly reasons. I’ve said more M&A; and I mean’t more M&A.; And the deals ain’t done yet. Moreover, I do expect turnover and refresh … some creative destruction … to continue apace in this space. The market will be unkind to unsound business models. Moreso than ever.