Seagate optimism
"We would imagine that, with demand high, it can basically build me-too-and-a-little-bit-better product and grow its NAND business significantly."
On the other hand, buyers who've been held down over a barrel by Seagate and WD for the last 8 years WRT disk pricing and reliability (since the Thai floods) may take the opportunity to say "adios" to both vendors(*), given that it makes much more sense to go with a vertically integrated supplier of enterprise silicon storage than one which actually _let_ reliability fall and slashed warranty periods to the bone when it saw it could get away with it
The fact that most of the "vertically integrated suppliers" have long-term plans and are more likely to be around in a decade, (vs companies which are focussed on maximising shareholder yield per quarter even if it kills long-term customer trust) also plays into that equation.
There's no new HDD research coming down the line. The R&D labs are closed and {H/M}AMR is already years behind schedule.
(*) Yes, I know there are technically more than two, but Toshiba's share is basically just a few scraps sold off to keep the chinese competiton regulators happy.