Seagate Technology and Western Digital are two Californian companies that dominate the global hard drive market and are in constant, close competition with one another.
Western Digital overtook Seagate in the first three months of 2010 in hard drive shipments for the very first time on a quarterly basis, according to a recent iSuppli report. On Wednesday, it unveiled its latest attempt to challenge it in the media player category, with the WD TV Live Plus HD.
Nobody likes to pay more in taxes. But venture capitalists don’t have much of a leg to stand on in their fight over the way VC profits are treated in the US.
And there is more than simple equity at stake here. If anything, higher taxes might actually be a good thing for VC – at least, as far as the investors are concerned, if not the many others who have been riding this particular gravy train.