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JAN 09, 2013 - MarketWatch

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Seagate shares rise 4% on strong quarterly sales

SAN FRANCISCO (MarketWatch) -- The leading hard-disk drive makers saw their shares rise Wednesday after Seagate Technology issued better-than-expected sales results for the December quarter. Late Tuesday, Seagate said revenue for its fiscal second-quarter will be at least $3.6 billion, up from an earlier estimate of $3.5 billion. The company will give full quarterly results on Jan. 28. Seagate's sales helped boost its shares by more than 4%, to $32.72 in early trading Wednesday, and its top rival, Western Digital Corp. was also up by more than 3%, at $43.37. Market Pulse Stories are ... Read More

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