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Stock Market & Financial Investment News

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December 10, 2012
11:39 EDTWDC, STXAppeals court affirms ruling in Rembrandt case against Western Digital, Seagate
The U.S. Court of Appeals for the Federal Circuit affirmed a lower court ruling in a patent infringement suit brought by Rembrandt Data Storage against Western Digital (WDC) and Seagate Technology (STX). In its 10-Q filed last month, Western Digital said, "After a favorable claim construction ruling by the court, Western Digital secured a stipulation from [Rembrandt] to dismiss the case. [Rembrandt] has appealed the Courtís claim construction ruling, and the parties await a hearing on the appeal." The asserted patents allegedly relate to specific thin film heads having solenoid coils, according to Western Digital's quarterly filing. Reference Link
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July 14, 2014
06:59 EDTWDCWestern Digital price target raised to $118 from $100 at Deutsche Bank
Deutsche Bank raised its price target for Western Digital shares to $118 on expectations PC market strength will continue and that enterprise will recover in the second half of 2014. Deutsche expects Western Digital to report June quarter results above guidance due to market share gains and it keeps a Buy rating on the stock.
06:57 EDTSTXSeagate price target raised to $74 from $64 at Deutsche Bank
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