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Technology Stocks : Seagate Technology

STX 275.77

+10.1%

Nov 5 4:00 PM EST

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To: Moonray who wrote (7622)	4/13/2010 1:54:00 PM
From: Sam	Read Replies (1) of 7841

“We want to take some profits and reduce exposure to HDDs as we enter the seasonally soft June quarter,” Roy writes. “Inventories are not bloated at this time, but are starting to creep up and the directional change may make investors more cautious at this time.” That is just crazy, IMO. Of course inventories are "creeping up," they've been at historically low levels. And as for "seasonally soft"--servers have been hot, according to articles I've read, and PC sales have been good in Asia and BRIC countries. I'm looking for an excellent quarter with an excellent forecast, as well as either a special dividend or a stock buyback with some of the cash that Seagate has building up on its rapidly improving balance sheet.

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