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Tech Vendors Reach Dizzying Heights in Q1 On Wall Street

By Scott Campbell CRN
4:45 PM ET Thu. Apr. 05, 2012
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Seagate Technology

Mar. 30, 2012: $26.96
Dec. 31, 2011: $16.40
Change: 64.4%

Seagate earns the honor of top performing tech vendor stock for the first quarter, gaining a whopping 64.4 percent increase in value. Shares jumped more than $4 on Feb. 1 and had peaked at $28.07 in late March before coming down a bit. Seagate shares spiked even after it said hard drive shipments were down 4 percent in the fourth quarter. But Seagate's shortfall resulting from the Thailand floods was rather limited, as the company's relatively few assembly lines there were not as impacted.

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