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Fly News Breaks for August 21, 2015
WDC
Aug 21, 2015 | 09:40 EDT
Cleveland Research said Western Digital's Q3 TAM is tracking to $120M, ahead of guidance for $115M, with growth led by seasonal improvement in gaming and enterprise. The firm sees near-term upside from some seasonal demand improvement but is is cautious long-term as SSDs gain on HDDs. Cleveland rates shares a Neutral.