Seagate Technology (STX) – 10-16-2007
Seagate has been pretty dominant when it comes to computer storage. I wasn’t too sure about the Maxtor acquisition, but it looks like it’s not a disaster. If they can hold their margins as people move to flash and hybrid drives, they should continue to enjoy some pretty solid profits in the more distant future too. I’d place my pivot at 27 and buy in if it has any breakouts.
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