Chanos thinks the disk drive makers will face added pressure from excess supply of digital storage space.

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Seagate is still under continued pressure from solid state drive manufacturers in the enterprise, where Flash-based storage is cost prohibitive but faster and more chic.

FORBES: Newly Competitive Seagate Spins New Ideas In Hard Drives

The underground storage areas are created by removing salt in the rock strata with equipment similar to high pressure water jets.

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