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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (40968)	4/6/2004 11:34:51 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70770

STX Seagate Tech guides Q3 below consensus (15.60 -0.06) Company now sees Q3 EPS of $0.06-0.08, vs the Reuters Research consensus of $0.21 and prior guidance at the low end of $0.20-0.30. Co's revised guidance excludes $125 mln income tax credit previously disclosed in its 8-K filing of March 16, 2004, which will provide a benefit of approx $0.25. Co says overall demand for Q3 was "modestly weaker than normal seasonal patterns and each major market exhibited characteristics since March 2," which adversely impacted co's ability to meet its previously stated earnings estimates. [Harry: So Segate misses, yet ADPT announces an upside surprise. That leaves the view of the storage sector as very mixed. I don't think you can have a strong storage connectivity market without the storage capacity to connect to.]