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More on Citi's downgrade of Seagate (STX -0.7%) and Western Digital (WDC -2.4%): Analyst Joe Yoo...
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Friday, October 12, 2012, 12:58 PM ETMore on Citi's downgrade of Seagate (STX -0.7%) and Western Digital (WDC -2.4%): Analyst Joe Yoo thinks Q4 hard drive sales could total just 140M units, below Seagate's lowered guidance of 150M-155M. Moreover, he think Windows 8 will "largely be a non-event for traditional PCs;" and that high-margin enterprise drive sales (Seagate has more exposure here) may have fallen 27% Q/Q in Q3. But he's still bullish on the industry long-term, viewing it as a play on general data storage growth.
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