1 posts and columns on Romit Shah

Drive Stocks Slammed by Fears of New Supply Glut

in News on June 2, 2009 at 12:07 pm PT

Shares of both Seagate and Western Digital are getting battered on fears that the hard-drive sector could once again soon find itself with a glut of supply. At least in part, the Street is reacting to this morning’s downgrade of Marvell by Barclays Capital, which as I noted earlier was in response to indications from Taiwanese component makers of a slowdown PC demand.