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Seagate's 3rd-quarter profit decline PDF Print E-mail
Business and Law
By AP (via Forbes)   
Wednesday, April 18, 2007 09:17

Shares of Seagate Technology fell more than 5% after the hard drive maker pared back its earnings and sales targets for the fiscal year amid concerns of continued price wars and potentially choppy demand. Seagate, the world's leading provider of hard drives that are used in computers and other electronics, revised its year-end forecast Tuesday after posting fiscal third-quarter profits that fell by 22%.

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