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Fullmoon

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Fullmoon

Re: Bull_Dolphin post# 201895

Monday, 11/29/2010 5:59:37 PM

Monday, November 29, 2010 5:59:37 PM

Post# of 249195
Bull Dolphin:

http://247wallst.com/2010/11/29/buyback-favored-at-seagate-over-buyout-not-all-bad-news-stx-wdc/

Seagate’s message is that the demand for hard disk drives has improved, and the current expectation for the total available market in the December 2010 quarter is approaching 170 million units. It further noted that supply and demand appear to be well balanced and revenue should be at least $2.7 billion and gross margin as a percent of revenue to be at least 19.5%. Thomson Reuters has consensus estimates of $2.7 billion in revenue for the quarter.



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