Reuters: Technology News: Hard disk maker Seagate quarterly revenue slides 24 percent

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Hard disk maker Seagate quarterly revenue slides 24 percent Jul 24th 2013, 11:26 Wed Jul 24, 2013 7:26am EDT (Reuters) - Hard disk drive maker Seagate Technology Plc reported a two-thirds drop in quarterly profit as revenue slid 24 percent. Net income fell to $348 million, or 94 cents per share in the fourth quarter, from $1.01 billion, or $2.37 per share, a year earlier. Revenue for the company, which dominates the hard drive market along with rival Western Digital, fell to $3.43 billion from $4.5 billion a year earlier.

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