$18 billion in revenue at greater than 12% (could prove conservative). $5 + earnings power potential. Competition's fix of head technology problems is very difficult, not just a matter of supply/new machinery. Learning curve effects could be longer lasting than expected.
May not be the "probable case" but if their hybrid drives have the kind of growth they could and they get some good SSD products via the Samsung technology sharing combined with strong hard drive sales and margins from more rationale market following indsutry consolidation and the floods, you could see both very, very strong earnings as well as significant multiple expansion. Share price impact would be multiples of where it is now.