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Western Digital, the top hard drive maker, has announced their 3Q report, with a closing date of April 1.  Even with their $10 million acquisition of Hitachi in process, was still able to posted gross revenue of $2.25 billion and a net of $146 million.  Those numbers are down from a year ago to date; $2.64 billion and $400 million respectively.  On a related note, Seagate has agreed to buy Samsung’s hard drive business for $1.38 billion.  This means the costs of hard drives are soon to increase. With less competition on the market, there are fewer companies to undercut each other.  Even though the component industry has been experiencing a shift towards flash memory and cloud computing for some time, there is plenty of demand still for hard drives.