Seagate raises financial outlook
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High prices don't drop demand In brief Disk drive behemoth Seagate is giving a notably large bump to its fiscal first quarter revenue forecast today, citing strong demand, favorably high prices and a better product mix.â¦
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Stocks rose on Friday after a higher profit forecast by Microsoft Corp.  lifted all three major indexes, and an upbeat outlook by lender Countrywide Financial Corp.  stemmed fears of financial-sector losses.
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Ford Motor Co.  on Friday raised its third-quarter and 2004 profit forecasts because of strength in its financial services business and cost improvements in its car operations.
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Microsoft Corp. is expected to report a sharp rise in quarterly profit Thursday, boosted by surging revenue as strong computer sales drive demand for its Windows operating system and Office software.
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Stocks gained on Friday after a higher profit forecast by Microsoft Corp. , while an upbeat outlook by lender Countrywide Financial Corp.  eased fears about financial-sector losses.
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Disk drive leader Seagate Technology  predicted rapid growth in demand for its products, especially notebooks, which is likely to fuel sustained double-digit revenue growth in percentage terms.
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Western Digital has boosted the capacity of its My Book line of external drives.
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Microsoft  reported a rise in quarterly profit on Thursday, boosted by strong sales of its Windows operating system, and the company raised its full-year profit outlook, sending its shares up 4 percent.
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Seagate Technology STX.N, the top  U.S. maker of hard drives used to store data in computers, on  Tuesday forecast quarterly revenue above Wall Street estimates  on strong demand for storage for larger business computers.
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EMC Corp , the No. 1 maker of  corporate data storage equipment, reported higher quarterly  profit on Thursday on an increase in sales of both hardware and  software.
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The latest storage numbers are in and -- big surprise -- storage spending is up.
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NOVEMBER 17, 2004 (IDG NEWS SERVICE) - Seagate Technology LLC said yesterday that it has started shipping a hard disk drive, targeted at PCs, that offers 400GB of storage space.
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Seagate Technology, the worldÂs largest maker of computer disk drives, said it would invest $819 million in its third plant in Singapore for data-storage devices. Jerry Glembocki, senior vice president of SeagateÂs recording heads and media operations, said the new plant would begin operating in mid-2008 and create 3,000 jobs. Lim Hng Kiang, minister for trade and industry, said in a speech that the new facility was a key development for Singapore, which last year accounted for production of a quarter of the worldÂs disk media.
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Hitachi Global Storage Technologies plans to at least double the capacity of its 1-inch Microdrive hard disk drive this year.
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Microsoft Corp. said its fiscal first-quarter earnings rose 11 percent, beating analysts&#39; expectations, as the company benefited from stronger-than-expected computer and server shipments.
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Hard-disk drive maker Seagate Technology has started shipping a drive targeted at personal computers that offers 400GB of storage space, it said Tuesday.
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Ford has raised its third-quarter and 2004 profit forecasts because of strength in its financial services business and cost improvements in its car operations.