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Seagate Pre-Announces FYQ1 Upside on Enterprise Drive Sales

Shares of hard disk drive maker Seagate Technology (STX) are up 53 cents, or 1.4%, at $38.50, in early trading, after the company this morning announced its revenue for its fiscal Q1, ended in September, will probably be “approximately $2.8 billion,” higher than an original estimate for $2.7 billion offered back on August 1st, citing demand for enterprise-grade hard drives.
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