Seagate Chart Analysis: -Support at 24.90, closed slightly under on Friday at 24.26 -holding at 200 day MA -MACD indicates oversold
The rise of NAND flash-based drives moving quickly into the notebook market, PC storage applications such as Intel's Robson and the new Vista OS, and Apple's iPod and upcoming iPhone to severely impact demand and pricing of HDDs. This has caused an over-exxagerrated sell off in (STX) shares, making it an attractive buy for the following reasons:
Seagate's 4Q share gains went up from 34.3% in the 3rd quarter to 34.6,
Also, Vista's coming out. I think consumers are ready to upgrade OS's and also buy new PC's. Old computers might not be upgradeable.
If you've been following electronics/tech.... it's pretty exciting. Sony MISERABLY FAILED with the PS3. Xbox and Nintendo did it right. Nintendo straight up demolished everyone in the buzz (marketing) and also in sales. Each console actually made $$ instead of losing it. I digress. The point is... Xbox is winning the battle in winning gamers over from PS to Xbox. (Zune isn't quite there, but Microsoft is tryin...
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