A Snapshot of Data Storage Technology Provider Xyratex
An article on RTT News reported on the recent revenues and stock earnings for Xyratex, a data storage and network technology provider. Overall, the provider's earnings and returns for investors have been somewhat erratic over the years. The article, however, maintains that Xyratex is a company investors should watch closely because of the strong demand for hard drives that is likely to grow even more in the coming years.
"This data storage company recently posted blowout results for its fiscal second quarter ended May 31, 2010 and also provided a positive outlook for the third quarter. However, despite the positive earnings and outlook, the stock experienced a steady sell-off due to profit taking, proving once again that earnings do not drive stocks."
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