If you are an engineer or the least bit tech savvy, please disregard the following. If you want to invest in tech hardware stocks but don't know any of the terminology, this might be helpful.
A bit is a 1 or a 0. the numbers 1 and 0 compromise the entire alphabet in the digital world.
A byte is a group of 8 bits. They are always in groups of 8.
A megabyte is 1,000,000 bytes. 8,000,000 bits.
A hard disk drive (pictured) is the magnetic storage device in your computer that is capable of storing your programs and files in your computer, whether the power is on or off. I can remember when a 20 gigabyte drive was a very big one.
A terabyte is 1,000,000,000 bytes. A billion. That's a lot of bytes.
Drive maker Seagate today announced its fastest, biggest drive to date, spinning at 7200 rpm and storing 2 terabytes. $299.
Storage is almost free. You can store a lot of anything in there.
The lesson? You should probably only buy drive stocks when they are very very cheap.
edit Wednesday @ 6:22 am. STX preannouced positive last night and caught 2 upgrades today. My point was that the stock is no longer dirt cheap, not that it can't go higher. Business is good.
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Boring news day today. Commodities up again. Futures too. Stocks? Probably.
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