Price Wars Hit Seagate

The leading disk drive maker sees a shortfall in revenue for the March quarter as product prices dropped

Seagate Technology (STX) warned that its revenue would be lower than expected for the March quarter, as the hard disk drive maker continues to struggle against rivals in a bitter price war that has lasted for years. After the news, the stock fell 9% to $21.34 in late morning trading on the New York Stock Exchange Apr. 10.

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