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Technology Stocks : Seagate Technology
STX 250.38-5.7%Nov 4 4:00 PM EST
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To: Dwayne Hines who wrote (7708)11/29/2010 8:05:01 PM
From: Sam  Read Replies (1) of 7841
 
If they buy all those shares, it would take almost 1/3 of the shares off the market at today's prices (about a $6.5b mkt cap).

But it will make them even more leveraged than they already are. Which could be good or bad, depending on how they are managed and if WDC and HIT don't engage in any price wars. And depending on how quickly SSDs take off.
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