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Brean Murray reiterates a Buy on Seagate (STX -0.9%) after meeting with CFO Pat O'Malley. The...
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Wednesday, May 9, 2012, 1:22 PM ETBrean Murray reiterates a Buy on Seagate (STX -0.9%) after meeting with CFO Pat O'Malley. The firm thinks Seagate's 2013 gross margin could be above the mid-20% level the Street is currently expecting, thanks partly to lower costs, and believes management's comments suggest there could be upside to June quarter margin and EPS estimates. Seagate recently fell due to rival Western Digital's disappointing FQ4 guidance.
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