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News Breaks
February 26, 2013
07:34 EDTWDC, STXCiti expects Seagate, Western Digital profit taking to continue
Citigroup expects profit taking in shares of Seagate (STX) and Western Digital (WDC) to continue due to unit demand risk, seasonal weakness, and a lack of positive catalysts. Citi sees the potential for 20% further downside in both stocks and reiterates Sell ratings on the names.
News For STX;WDC From The Last 14 Days
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December 1, 2015
08:13 EDTSTXSeagate, Newisys demonstrate flash storage architecture capable of 1TB/s
Seagate (STX) and Newsisys, a division of Sanmina (SANM), announced that 21 Newisys NSS-2601 with dual NSS-HWxEA Storage Server Modules deployed with Seagate's newest SAS 1200.2 SSD drives can be combined in a single 42U rack to achieve block I/O performance of 1TB/s with 5PB of storage. Each Newisys 2U server with 60 Seagate SSDs is capable of achieving bandwidth of 49GB/s. "This is one of the highest storage densities ever achieved in the industry, and holds the potential for new breakthroughs in storage system performance," said Brett Pemble, VP and general manager of flash products, Seagate. "Our partnership with Newisys enables us to continue to innovate with how storage is architected."
07:48 EDTSTXNasdaq to hold a conference
33rd OMX Investor Program is being held in London, England on December 1-2.
November 29, 2015
12:57 EDTWDC, STXHigh-yield tech stocks could offer significant returns, Barron's says
Growth-focused investors have piled into Facebook (FB), Alphabet (GOOG, GOOGL), Salesforce (CRM), and others, but if the "current situation" changes, high-yield stocks with compelling valuations could grab some of the spotlight, Barron's contends in a feature story. The publication names Seagate (STX), Garmin (GRMN), Qualcomm (QCOM), Hewlett-Packard (HPQ), IBM (IBM), and Western Digital (WDC) as attractive plays, noting that their dividends -- ranging 3.2% to 7.3% -- look secure and offer nice rewards for those willing to wait for potential turnarounds or strategic transactions. Reference Link
November 19, 2015
10:00 EDTSTXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Dick's Sporting (DKS) upgraded to Buy from Neutral at Monness Crespi... Fairchild (FCS) upgraded to Neutral from Underperform at Credit Suisse... Fiesta Restaurant (FRGI) upgraded to Strong Buy from Outperform at Raymond James... General Dynamics (GD) upgraded to Buy from Hold at Argus... Genomic Health (GHDX) upgraded to Outperform from Market Perform at Cowen... National Grid (NGG) upgraded to Outperform from Sector Perform at RBC Capital... ON Semiconductor (ON) upgraded to Buy from Neutral at Citi... Papa John's (PZZA) upgraded to Buy from Neutral at Sidoti... QEP Resources (QEP) upgraded to Buy from Neutral at Goldman... Seagate (STX) upgraded to Buy on selloff, dividend yield at Craig-Hallum... Sunoco (SUN) upgraded to Outperform at Credit Suisse... Tetraphase (TTPH) upgraded to Buy from Neutral at SunTrust... Wendy's (WEN) upgraded to Conviction Buy from Neutral at Goldman.
07:28 EDTSTXSeagate upgraded to Buy on selloff, dividend yield at Craig-Hallum
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November 18, 2015
08:19 EDTSTXRBC Capital to hold a tour
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November 17, 2015
11:10 EDTWDCMicron the most likely target for Tsinghua stake, says Macquarie
Macquarie analyst Deepon Nag highlighted yesterday that Tsinghua Unigroup Chairman Zhao Weiguo told Reuters in an interview that his company was in talks with a U.S. semiconductor company, and that a deal could be announced as early as the end of the month. Zhao stated that a majority stake was unlikely due to regulatory concerns. Given recent moves by China in the memory market, Micron (MU) is the most likely target for Tsinghua, Nag wrote in a note to investors. Tsinghua recently announced a 15% stake in Western Digital (WDC) at a 33% premium to the company's prior closing price. A similar premium for Micron would lead to a 15% stake in Micron for $20 per share, which would equal $3.4B, the analyst points out. Shares of Micron are up 46c, or 3%, to $15.35 in late morning trading. Nag has an Outperform rating on Micron with a $30 price target.

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