Seagate Technology (STX) says its manufacturing operations have not been damaged by severe...

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

Seagate Technology (STX) says its manufacturing operations have not been damaged by severe flooding in Thailand. “Production continues to this day,” CEO Steve Luczo says, but adds that parts suppliers have been severely affected, and the company will begin to see the effects in a few weeks as existing parts inventory is worked down. STX +13.2% premarket.