EMC, NetApp are Storage Staples, But See Loss

Standard & Poor’s downgrade of the U.S. debt rating caused large-scale negative reaction which effected the data storage sector.

"In a pair of research notes, Hunt said data storage could be the equivalent of a ‘consumer staple’ for corporations, and that ‘in a mild downturn, we would expect storage spending to remain a priority due to [companies’] need.’

"Hunt then said that for both EMC and NetApp, ‘[market] share gain ability might even be enhanced’ in the current business environment, and both have a high level of deferred revenue that provides them with some earnings stability and protection compared with other tech companies.”

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