Hewlett Packard Co. (NYSE: HPQ) sees a large future in storage. By acquiring Ibrix, Inc., HP will be taking advantage of an acquisition in an economic downturn that could turn into a stroke of genius when the economy recovers and businesses of all sizes start producing reams of data -- data which must be stored somewhere. Data centers with ever-growing digital storage needs won't stop growing for some time. Think about it -- when you buy a new PC, don't you want as much hard drive storage as possible?

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Hewlett-Packard bets on storage again, acquires Ibrix originally appeared on BloggingStocks on Mon, 27 Jul 2009 11:20:00 EST. Please see our terms for use of feeds.