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Technology Stocks : Seagate Technology
STX 275.77+10.1%Nov 5 4:00 PM EST
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To: Dwayne Hines who wrote (7577)12/21/2009 8:40:14 PM
From: Sam  Read Replies (1) of 7841
 
You could be right. I'm trying to not sound outlandish. 25-30 over the 6-9 months isn't unreasonable. Above 30 might not be unreasonable either, but we'll have to wait for the Q2 report (Jan for STX) and Q3 guidance before going there. They guided to $2.20 for the year ending in June '10 last quarter. That will almost certainly be raised, barring some misstep in execution over the past couple of months, which I don't expect under Luzco, who has millions of shares at stake. Dell's recent move to keep their NC plant open due to heavy orders makes me believe that both companies and individuals are upgrading more than expected, and both Seagate and Western Digital will be prime beneficiaries of that. I can see WDC in the 50s and STX in the 30s, but want to hear from the companies before saying or even thinking that that is probable at this point.
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