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MorningLightMountain

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MorningLightMountain

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Wednesday, 01/04/2012 5:55:40 PM

Wednesday, January 04, 2012 5:55:40 PM

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STX over 18 AH, good news!!!

Seagate forecasts strong Q2 rev, shares rise

Jan 4 (Reuters) - Seagate Technology Inc forecast stronger-than-expected quarterly revenue as the hard disk maker recovers from the impact of the Thailand floods.

Shares of the company rose 7 percent to $17.99 in extended trading. They closed at $16.82 on the Nasdaq on Wednesday.

The company expects second-quarter revenue of $3.1 billion to $3.2 billion, above analysts' average estimates of $2.81 billion, according to Thomson Reuters I/B/E/S.

The company also said it shipped about 47 million disk drives in the second quarter.

MLM playing White: Queen sacrifice bait and mate in 7

http://investorshub.advfn.com/boards/board.aspx?board_id=14740

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