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Now this could be great news for all computer consumers that wish to upgrade their system's storage but were a bit tight on finances. We will have to wait and see if the market goes lower…As Seagate Chief Executive Bill Watkins expects it to last through the middle of next year.

Seagate Technology, the world's biggest computer disk-drive maker, expects aggressive moves by rivals to depress industry prices for another year, longer than most analysts predict, its CEO said on Wednesday. Chief Executive Bill Watkins said Seagate was prepared to meet hard-disk drive price cuts by competitors including Hitachi Ltd. and Samsung Corp., who are hungry for market share.