In an up cycle, it is very difficult to forecast the velocity of the earnings growth. Therefore, Wall Street prices in a premium for these stocks because it's human nature to be conservative.

It is clear that Seagate continues to progress well towards providing newer higher margin drives in the CE and Mobile markets, ... As such, we continue to believe that Seagate can grow its top and bottom line profits.

All we're seeing now in the market are multimedia phones. It's clear that this isn't a fad. The cell phone is becoming a different device.