Why now: campaign-01: capital deployment window 2026-09-08

What was noticed?

Nearline storage retains a distinct density-and-supply-discipline hypothesis, with current allocation, margin and competitor-capacity evidence still required.

Why might it matter?

The campaign verdict is INTACT, provisional. The unresolved branch cannot be promoted from a price move or a historical model alone.

What evidence is real, and what is still only a pointer?

Receipt selector: U:STX in the campaign thesis review and its accompanying receipts.

Still required: STX/WDC allocation, lead times, pricing and margins, including Toshiba capacity response.

Which existing research does it update or duplicate?

The registered nearline-storage perspective. This question tracks the unresolved branch of the campaign review, not a duplicate completed finding.

What should be written if the evidence clears?

A sourced perspective update adjudicating this exact test: STX/WDC allocation, pricing and margins with disciplined capacity and Toshiba supply behavior checked.

Reviewed September 6 using September 4 settled prices. September 7 is the U.S. Labor Day holiday; the decision window is September 8.