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Technology Stocks : Seagate Technology
STX 275.77+10.1%Nov 5 4:00 PM EST
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From: Sam12/21/2009 9:59:19 AM
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9:18 (Dow Jones) Spending on tech hardware should speed up through next year, helping in particular storage-maker Seagate (STX:$17.69,00$0.23,001.32%) , Baird says. Firm also sees tight supply of hard-disk drives through 1Q, which combined with a return of corporate tech spending should take STX shares higher. Baird ups STX to outperform from neutral, raises price target to $25 from $22. STX shares up 2.4% to $17.88 premarket. (JDC)
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