STX, WDC Fall as Morgan Sees Hard Disk Weakenss
Posted on June 21, 2012 at 15:23 PM EDT
Shares of disk drive makers Seagate Technology (STX) and Western Digital (WDC) are down both getting hit fairly hard today within a broadly weak market, as Morgan Stanley‘s Katy Huberty joins those suggesting drive shipments will be hurt by weakening personal computer sales. Huberty, who rates both stocks Overweight, cut her revenue estimate for Seagate to $18.57 [...]