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Seagate Sees FY 2010 EPS Above Street; Begins Shipping First SSD Product

Seagate (STX) expects revenue for the June 2010 fiscal year of $10.5 billion, with non-GAAP EPS of $2.20; the Street has been expecting $10.5 billion and $1.90. In an interview with Tech Trader Daily this afternoon, CEO Steve Luczo said that the forecast does not assume a significant recovery in enterprise spending, and does not anticipate a major PC refresh cycle.

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