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Technology Stocks : Seagate Technology

STX 278.47

+1.0%

Nov 6 4:00 PM EST

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To: Sam who wrote (7545)	10/12/2009 11:21:17 PM
From: Sam	of 7841

09:30 am Seagate Tech initiated with a Buy at Brean Murray; tgt $20: . Brean Murray initiates STX with a Buy and price target of $20 saying they believe upside to Street estimates still exists, potentially in 2H09. Firm says checks indicate notebook drives are strongest relative to expectations, with desktop somewhat better and enterprise a bit stronger than expected. They believe linearity through the Q was better than historic trends (consistent with recent quarters), which is encouraging for Dec Q demand. --------------------------------------------------- FWIW (not much, since I appear to be the only person reading this thread), my opinion is that the $20 PT is very low, especially over the next 6-9 months. At least if the Windows 7 PC upgrade cycle is as strong as it might be, especially given how weak the upgrades were for Vista.

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