Friday, June 1, 2012

Stock Alert - Seagate (STX -6.4%) and Western Digital (WDC -3.9%)- 6/1/12

Seagate (STX -6.4%) and Western Digital (WDC -3.9%) have had a very rough week, as concerns about weakening PC demand and the end of a favorable supply/pricing climate for hard drives (the result of Thai manufacturing disruptions) take their toll. Also, yesterday, Barclays aired concerns about the impact of solid-state drives (boosted by upcoming MacBook releases) and tablet cannibalization on hard drive demand

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