Seagate's (STX) guidance for a 10% Q/Q hard drive shipment drop in a seasonally strong quarter...

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

Seagate's (STX) guidance for a 10% Q/Q hard drive shipment drop in a seasonally strong quarter is bad news for Intel (INTC) and AMD, thinks Sterne Agee's Vijay Rakesh. Seagate and Western Digital both expect the total market for hard drives to be flat to down in Q3, and that indicates PC sales will be weak. Rakesh expects more negative commentary to arrive as other industry players, such as Dell (DELL) and H-P (HPQ), report in the coming weeks. (more on STX) (Gartner Q2 data)