Hard-disk drive maker Seagate Raises Outlook
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Hard-disk drive maker Seagate expects greater sales of its high-end devices to boost first-quarter revenue and profit above its previous estimates.
The company has been struggling with falling prices for its goods as rivals Western Digital, Hitachi and Samsung wage a vicious price war. Prices of hard-disk drives have also come under pressure as consumer electronics manufacturers such as Apple have designed portable devices with smaller, lighter Flash memory units.
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