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Storage/hard drive stocks are outperforming, possibly aided by Veeco's Q1 bookings numbers: the...

Storage/hard drive stocks are outperforming, possibly aided by Veeco's Q1 bookings numbers: the company reported hard drive equipment bookings totaled $27M, down 7% Y/Y but up 60% Q/Q in spite of slumping PC demand. Veeco added on its CC (transcript) hard drive customers are "starting to make selective technology buy decisions" once more. STX +2.6%. WDC +2.6%. EMC +1.8%. NTAP +2.7%. XRTX +1.6%. QTM +5.1%. EMC reports tomorrow morning. Also, LED/solar equipment makers Aixtron (AIXG +9%) and GT Advanced (GTAT +2.7%) are getting a lift from Veeco's numbers and bullish Q2 commentary.
Comments (2)
  • just subscribed to market currents a few weeks ago...it really is an excellent service...i've been a subscriber to TFOTW for years too...so kudos to seeking alpha.
    23 Apr 2013, 11:06 AM Reply Like
  • I would stick with (STX) and (WDC).
    23 Apr 2013, 10:13 PM Reply Like
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