Seagate sees Q3 operating margin in low twenties percent of revenue

Sees Q3 operating expense $290M. Sees Q3 tax expense $20M. Says areal density-driven HDD roadmap is gaining strong momentum. Says maintaining disciplined approach when planning mass capacity. Says seeing a continued shift to more cloud-like storage due in part to longer data retention and video analytics. Comments and guidance taken from Q2 earnings conference call.