Not taking Xyratex's contribution into consideration, the company's guided revenues are 6% lower than the previous year's June quarter revenues. Seagate expects demand to pick up in the latter half of the calendar year. We have a $50 price estimate for Seagate's stock, which is slightly below the current market price. Limited Growth In Enterprise Storage Seagate sold 7.7 million enterprise storage units during the quarter, a 2.5% increase compared to the prior year quarter. Comparatively, enterprise units shipments increased by over 7% in 2013. The company attributed the slowdown in growth to the increasing utilization rates of customers' in-house inventory, which led to an increased