Thank you for your response.
Although, I agree that the demand for storage and the expanded utility and application for the storage industries products, I do not think that the current valuations are sustainable. The industry remains a cyclical industry regardless of any technological advances. To illustrate my point, look at the memory industry as an example (another cyclical now close to cycle lows as supposed to WDC). Memory devices over the years made their way into many devices other than desk top computers; their market had expanded to cell phones, cameras, etc. the price of their stocks suffered as pricing pressures continued which eventually forced consolidation; setting the stage for the next cycle up. WDC should go down after earning; earning revisions and all have been baked into the price already.
I disagree with the article below; the price is already trade at a multiple that accounts for the potential growth.
WDC is cyclical; down from here.