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Western Digital (WDC -11.9%) and Seagate (STX -6.8%) dive after the FQ4 guidance that followed...

Western Digital (WDC -11.9%) and Seagate (STX -6.8%) dive after the FQ4 guidance that followed WDC's stellar FQ3 report fails to impress, and the company says on its earnings call hard drive prices will fall Q/Q. Given the role expectations of continued pricing and margin strength (thanks to supply constraints) have played in this year's rally, that's not going over well. Also, WDC says near-term cost savings from the acquisition of Hitachi's hard drive business will be limited.
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