Western Digital (WDC +8.4%) and Seagate (STX +4.6%) are up strongly in the absence of major news...

|About: Western Digital Corporation (WDC)|By:, SA News Editor

Western Digital (WDC +8.4%) and Seagate (STX +4.6%) are up strongly in the absence of major news hitting the wires. WDC announced yesterday morning it would accelerate a dividend payment, but shares hardly budged in response. Low valuations - the hard drive makers both trade near 5x estimated FY13 EPS, and have sizable cash balances - could be enticing bargain-hunters. (previous)