|
|
Article: Seagate Technologies: Hard (Drive) to Beat.(Brief Article)
- Article from:
- Kiplinger's Pick of the Day Web Feature
- Article date:
- January 17, 2005
- Author:
CopyrightCOPYRIGHT 2005 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Kiplinger Washington Editors
Seagate Technologies (STX), the leading maker of hard drives for consumer electronics, will also be the leading beneficiary of a better-than-expected year for the hard drive industry, according to analysts at Credit Suisse First Boston.
The investment firm upgraded the stock to "outperform" on Friday, ahead of the company's December-quarter earnings announcement, set for Tuesday.
Analysts say that shortfalls at competitor Hitachi and a possible deal with Apple's iPod division help clear the road for improved profits in 2005. They also point to Seagate's "broad product portfolio" and 50% market share in ...