Seagate, Silicon Motion Get Hammered
Despite the market's new uptrend and a slew of fine gains among leaders, two highly rated tech stocks got hammered Friday. Seagate Technology (STX) swooned 1.51, or 5%, to 29.58 in triple-paced trade. The U.K.-based hard-disk drive maker's bad news was actually delivered by its California-based rival, Western Digital (WDC). In its fiscal Q3 report, released late Thursday, Western warned that hard-disk drive prices are softening. Western Digital,
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