Seagate Technology » Financial Press Releases -

Seagate Technology Announces Move to NASDAQ Stock Market

Seagate Technology — Wed, 27 Aug 2008 20:46:10 +0000

SCOTTS VALLEY, Calif. - August 27, 2008 - Seagate Technology (NYSE:STX) announced that it will switch its stock exchange listing from The New York Stock Exchange to The Nasdaq Stock Market, an exchange of The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), effective September 16, 2008. Seagate Technology will be listed on The NASDAQ Global Select Market and trade on the exchange with the ticker symbol NASDAQ:STX.

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Seagate Technology Reports Fiscal Fourth Quarter and Year-End 2008 Results

Seagate Technology — Tue, 15 Jul 2008 20:15:28 +0000

- Annual revenue grows 12%; quarterly revenue grows 6% year-over-year
- Annual net income increases to $1.3 billion
- Annual shipments grow 15% to 183 million
- Quarterly shipments up 10% to 43 million year-over-year

SCOTTS VALLEY, CA - July 15, 2008 - Seagate Technology (NYSE:STX) today reported disc drive unit shipments of approximately 43 million, revenue of $2.9 billion, GAAP net income of $160 million, and diluted net income per share of $0.32 for the quarter ended June 27, 2008. GAAP net income and diluted net income per share includes approximately $23 million of purchased intangibles amortization and other charges associated with Seagate’s recent acquisitions. Excluding these items, non-GAAP net income and diluted net income per share were $183 million and $0.37, respectively. Included in both GAAP and non-GAAP results are restructuring charges of approximately $36 million or approximately $0.07 per share.

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Seagate to Report Fiscal Fourth Quarter and Year-End 2008 Financial Results on July 15, 2008

Seagate Technology — Tue, 08 Jul 2008 16:22:20 +0000

SCOTTS VALLEY, Calif. - July 7, 2008 - Seagate Technology (NYSE: STX) today announced it will report fiscal fourth quarter and year-end 2008 financial results on Tuesday, July 15, 2008, after the close of the market. A subssequent conference call for the investment community will take place at 2:00 p.m. Pacific Time.

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Seagate CFO Charles Pope Plans Transition to New Role, Company Names Patrick O’Malley to Assume CFO Position

Seagate Technology — Mon, 05 May 2008 22:00:50 +0000

SCOTTS VALLEY, Calif. - April 28, 2008 - Seagate Technology (NYSE:STX) announced today that a long-standing member of its executive management team, chief financial officer Charles Pope, has elected to retire from his CFO role effective August 25, 2008, and will focus solely on leading the Seagate Services group, a leading provider of data management and protection solutions.

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Seagate Technology Reports Fiscal Third Quarter 2008 Results

Seagate Technology — Tue, 15 Apr 2008 20:08:07 +0000

- Quarterly revenue grows 10% year-over-year
- Quarterly net income increases 62% year-over-year
- Ships approximately 43 million units for the quarter, up 8% year-over-year

SCOTTS VALLEY, CA - April 15, 2008 - Seagate Technology (NYSE:STX) today reported disc drive unit shipments of approximately 43 million, revenue of $3.1 billion, GAAP net income of $344 million, and diluted net income per share of $0.65 for the quarter ended March 28, 2008. GAAP net income and diluted net income per share includes approximately $29 million of purchased intangibles amortization and other charges associated with Seagate’s recent acquisitions and also a net gain from asset sales of approximately $4 million. Excluding these items, non-GAAP net income and diluted net income per share were $369 million and $0.70, respectively. Included in both GAAP and non-GAAP results are restructuring and other charges of approximately $20 million or approximately $0.04 per share.

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Seagate to Report Fiscal Third Quarter 2008 Financial Results on April 15, 2008

Seagate Technology — Fri, 04 Apr 2008 20:32:35 +0000

SCOTTS VALLEY, Calif. - April 3, 2008 - Seagate Technology (NYSE:STX) today announced it will report fiscal third quarter 2008 financial results on Tuesday, April 15, 2008, after the close of the market. A subsequent conference call for the investment community will take place at 2:00 p.m. Pacific Time.

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Seagate Technology Announces Dividend Increase and New $2.5 Billion Share Repurchase Authorization

Seagate Technology — Mon, 04 Feb 2008 22:05:54 +0000

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.

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Seagate Technology Reports Fiscal Second Quarter 2008 Results

Seagate Technology — Thu, 17 Jan 2008 21:02:42 +0000

- Quarterly revenue grows 14% year-over-year
- Quarterly net income increases 188% year-over-year
- Ships approximately 50 million units for the quarter, up 20% year-over-year

SCOTTS VALLEY, CA - January 17, 2008 - Seagate Technology (NYSE: STX) today reported disc drive unit shipments of approximately 50 million, revenue of $3.4 billion, GAAP net income of $403 million, and diluted net income per share of $0.73 for the quarter ended December 28, 2007. GAAP net income and diluted net income per share includes approximately $31 million of purchased intangibles amortization and other charges associated with the Maxtor, EVault and MetaLINCS acquisitions and also a net gain from asset sales of approximately $15 million. Excluding these items, non-GAAP net income and diluted net income per share were $419 million and $0.76. Included in both GAAP and non-GAAP results are restructuring charges of approximately $27 million or approximately $0.05 per share.

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Seagate to Report Fiscal Second Quarter 2008 Financial Results on January 17, 2008

Seagate Technology — Wed, 02 Jan 2008 23:23:02 +0000

SCOTTS VALLEY, Calif. - January 2, 2008 - Seagate Technology (NYSE: STX) today announced it will report fiscal second quarter 2008 financial results on Thursday, January 17, 2008, after the close of the market. A subsequent conference call for the investment community will take place at 2:30 pm. Pacific Time.

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Seagate Technology Reports Fiscal First Quarter 2008 Results

Seagate Technology — Tue, 16 Oct 2007 20:11:49 +0000

- Quarterly revenue grows 18% year-over-year
- Ships 47 million units for the quarter, up 21% year-over-year

SCOTTS VALLEY, CA - October 16, 2007 - Seagate Technology (NYSE: STX) today reported disc drive unit shipments of 47 million, revenue of $3.3 billion, GAAP net income of $355 million, and diluted net income per share of $0.64 for the quarter ended September 28, 2007. GAAP net income and diluted net income per share includes approximately $30 million of purchased intangibles amortization and other charges associated with the Maxtor and EVault acquisitions. Excluding these charges, non-GAAP net income and diluted net income per share were $385 million and $0.69. Included in both GAAP and non-GAAP results are restructuring charges of approximately $5 million or approximately $0.01 per share.

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