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Strategies & Market Trends : Befriend the Trend Trading

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From: Dr. Stoxx	8/28/2007 5:14:46 PM
	of 39683

16:12 STX Seagate Tech raises Q1 EPS and revs guidance, above consensus (24.50 -0.39) -Update- Co raises Q1 EPS to $0.62-0.66, excludes charges, vs $0.43 Reuters consensus, up from $0.40-0.44, excluding charges; raises revs to $3.15-3.25 bln vs $2.97 bln Reuters consensus, up from $2.9-3.0 bln. Co says, The primary factors leading to the improved outlook for the first fiscal quarter are industry unit demand at the high-end of the predicted range; favorable pricing thus far in the quarter reflecting a more balanced supply and demand environment, and a better product mix.

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