In addition to H-P's PC data, Seagate (STX -4.2%) is getting hurt by a downgrade to Hold from...

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

In addition to H-P's PC data, Seagate (STX -4.2%) is getting hurt by a downgrade to Hold from S&P's Jim Yin. Yin says he has become "more cautious" about back-to-school and holiday PC demand due to weak macro conditions and tablet demand. He also suggests Seagate's efforts to compete with solid-state drives (SSDs) with thinner "hybrid" hard drives featuring flash memory aren't enough, given the size and power advantages of SSDs. (earlier) (Stifel downgrade)