Hard Drive Makers Caught Up in Tech Slide (WDC) (STX)
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Price: $390.49 +1.62%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
EPS Growth %: +16.2%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
EPS Growth %: +16.2%
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Hard drive makers Western Digital (NYSE: WDC) and Seagate Technology (NYSE: STX) can't avoid the carnage in tech following dismal PC numbers after the close.
PC shipments fell 14 percent in Q1, the worst decline on record, according to research from IDC. IDC in part blamed Microsoft's Windows 8, saying consumers found the user interface disorienting and touch-screen computer prices too high.
Western Digital (NYSE: WDC) and Seagate Technology (NYSE: STX) are down 2.6% and 2.8%, respectively.
PC shipments fell 14 percent in Q1, the worst decline on record, according to research from IDC. IDC in part blamed Microsoft's Windows 8, saying consumers found the user interface disorienting and touch-screen computer prices too high.
Western Digital (NYSE: WDC) and Seagate Technology (NYSE: STX) are down 2.6% and 2.8%, respectively.
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