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

|About: Seagate Technology (STX)|By:, SA News Editor

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)