Seagate Technology (STX) raised revenue and gross margin guidance for the December 2011 and March 2012 quarters after the market closed yesterday. This confirms analyst speculation last month after the company announced its Q3 report that while being a horrible tragedy in terms of the loss of life and economic impacts, the Thailand flooding may actually benefit STX.

This is because STX’s factories have emerged relatively unscathed, in contrast to rivals Western Digital (WDC) and Toshiba.

Read more: seekingalpha.com