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More on Seagate's FQ4: The company is hiking its quarterly dividend to $0.32/share from a prior...

More on Seagate's FQ4: The company is hiking its quarterly dividend to $0.32/share from a prior $0.25/share. That's good for a yield of 4.4%. Gross margin slumped to 33.6% from FQ3's 37%, in-line with the guidance provided during Seagate's July 5 warning. In supplemental comments (.pdf), Seagate estimates it accounted for 42% of the industry's 157M hard drive shipments. STX -1.1%. OCZ -11%, as investors hoping for a merger announcement sell.  Earnings call starts at 5PM PT (webcast). (PR)
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  • osty
    , contributor
    Comments (24) | Send Message
     
    Sir, The OCZ and Seagate takeover rumor spread by the indefatigable OCZ horse traders was played out to the ultimate climax.It was obvious from the opening bell that many unsuspecting novices buying OCZ over $8 would soon see their money and shares go up in smoke.I have rarely seen in all my years of trading such insidious trade tactics fueled by false rumors and lies.What is really sad, is how so many major sites went along with this folly by insisting it was a "done deal" up until the last moment.
    31 Jul 2012, 05:36 AM Reply Like
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