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[11 Feb 2008 | No Comment | 397 supporters]

SCOTTS VALLEY, Calif.-February 4, 2008-Seagate Technology (NYSE: STX) today announced that its Board of Directors has approved an increase in its quarterly dividend from $0.10 to $0.12 per share, effective with the dividend expected to be paid to shareholders after the conclusion of the company’s third fiscal quarter of 2008. Additionally, the Board of Directors has authorized the company to repurchase up to an additional $2.5 billion of its outstanding common shares over the next 24 months. This new share repurchase authorization continues our commitment to enhancing shareholder value.
Seagate expects …