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Seksun Buy-- The Sun is rising
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prettylisa
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19-Apr-2006 15:42
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Hi InvesToMan, Are you vested in this? Is it still a good time to buy this stock? Its on CD now... how? |
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InvesToMan
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19-Apr-2006 14:46
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SEAGATE TECHNOLOGY REPORTS FISCAL THIRD QUARTER 2006 RESULTS - Year-over-year revenue increases 16% , net income grows 20% and shipments rise 18% to record 29.4 million units SCOTTS VALLEY, Calif.?18 April 2006?Seagate Technology (NYSE: STX) today reported quarterly revenue of $2.3 billion, net income of $274 million, and diluted earnings per share of $0.53 for the quarter ended March 31, 2006. Included in these results are an expense of $21 million for non-cash stock based compensation and a $7 million one-time investment gain. These results compare to revenue of $1.97 billion, net income of $229 million and diluted earnings per share of $0.45 in the year-ago quarter. The year-ago results did not reflect costs associated with non-cash stock based compensation. For the nine months ended March 31, 2006, Seagate reported revenue of $6.7 billion, net income of $833 million and diluted earnings per share of $1.63. This compares to revenue of $5.4 billion, net income of $427 million and diluted earnings per share of $0.85 for the nine-month period ended April 1, 2005. Desktop Products Seagate continued its leadership in the desktop storage space during the quarter by shipping 17.5 million desktop drives, an increase of 12% from the year-ago quarter. Channel sales for Seagate desktop products remained healthy throughout the quarter and Seagate exited the quarter with under five weeks of distribution channel inventory. Mobile Computing Products Demand for Seagate products in the mobile computing market reached record levels as the company shipped 3.8 million disc drives, representing an increase of 112% from the year-ago quarter and 30% sequentially. Seagate grew overall share in this space for the 7th consecutive quarter. During the quarter, Seagate began volume shipments of its industry-leading 160GB 2.5-inch disc drive utilizing perpendicular recording technology. Given Seagate?s growing strength in the high-capacity portion of this market, the company?s shipments of capacity points at 80GB and greater grew sequentially 26%. Also during the quarter, industry average capacity in this space grew to over 60GB, while Seagate?s average capacity reached almost 70GB. I believe all HDD related companies with extensive partnership with Seagate is likely to benefit from the increase in sales from the 2.5 and 3.5 inch hard disk drive. And so does sekSUN. The SUN is indeed rising. |
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MarketTimer
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18-Apr-2006 23:38
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Kim Eng has an initiate a buy with a target price of 0.43. I think this company is worth more than this price. |
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InvesToMan
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18-Apr-2006 17:22
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Surprisingly this stock is pretty undervalued as compared to its peers such as Magnecomp,MMI,Beyonics. Seksun is a well diverisified company which does not only focus on HDD but also increasingly increase its scale of operations the EMS industry. It has a consistent dividend policy of around 5% paid in 2 periods during half year and full year. Kim Eng has recommend a buy with a target price of 0.43. Moreover, the RSI, MACD, Stochastics and commodity channel index are trending upwards. It is pretty balanced with the same buying and selling price. I don't see why it shouldn't rise soon. The sun is rising, the money are flowing in. |
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