Seagate announces a 12Gb, 1'' hardrive

Because of the dropping costs of flash memory, the manufacturers of micro-drives need to raise the capacities of their micro-drives as fast as possible in order to stay competitive in the portable device market.
Thus, Seagate has just announced the first 1" disk which uses perpendicular recording technology and has a capacity of 12 Gb. It is 2 Gb larger than the competitions.
The price has not yet been set for this product, as it will not be available until the 3rd quarter of 2006.