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July 12th, 2006
Seagate Takes a Big Byte
Jack Uldrich: In a little-noted press release, Seagate Technology (NYSE: STX) announced that it had just patented a new technology that could increase disk capacity by a factor of 10.
Company officials didn't say when the technology will be introduced in products, so I encourage would-be investors not to get too excited about the news giving Seagate stock a short-term boost. But I do believe it bodes well for the company's long-term prospects.
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