This presentation will review the state of the HDD Industry today, with an 1H06 review. It will look at future technology trends, and where the greatest effort should be spent as well as provide an update from the War front: NAND vs. Drives. It will aslo give an initial look at 2007 media requirements and overall supply/demand trends. Finally, Mr. Kugele will share a few thoughts on understanding "Wall Street-isms."