Western Digital (WDC +5.9%) shares move higher in tandem with rival Seagate (STX +5.3%), whose...

|About: Western Digital Corporation (WDC)|By:, SA News Editor

Western Digital (WDC +5.9%) shares move higher in tandem with rival Seagate (STX +5.3%), whose FQ3 earnings surged for a second straight quarter as it enjoyed pent-up demand and higher prices for hard drives. But as margins fall as production levels return to normal following Thailand's floods, investors' easy money in these stocks may have passed.