Intevac
Intevac (IVAC) core business consists in designing, developing, and marketing hard disk drive equipment products and providing related services. The company is market leader in the sector, with 60% market share, and has one main competitor, Canon Anelva Corp., a subsidiary of Canon (CAJ). The hard disk drive equipment industry struggled after the financial crisis because of a lower level of investments by HDD producers (like Seagate (STX), Western Digital (WDC) and Toshiba (TOSBF)) and reduced PC sales due to increasing competition by tablets and smartphones that, instead, use flash memories. Read More |