| ||Thread Tools|
|22nd April 2010, 15:04||#1|
Join Date: May 2002
Seagate Ships Record Number of Hard Drives
Seagate Technologies, the world’s largest maker of hard disk drives (HDDs), shipped record amount of hard drives in the third quarter of its fiscal 2010 and said that the total available market (TAM) of HDDs would be constrained by supply this calendar year. Earlier analysts predicted that the supply situation will be easier in the second half of the year.
“With respect to demand in the March quarter, the total available market countered seasonal patterns and grew to approximately 163 million units, higher than our original expectation of between 155 and 160 million units. The 163 million units were likely short of unconstrained demand, as indicated by low inventory levels in our OEM and distribution channels,” said Steven Luczo, chief executive officer and chairman of Seagate.Seagate on Wednesday reported financial results for the quarter ended April 2, 2010 of 50.3 million disk drive unit shipments, revenue of $3.05 billion, gross margin of 29.6%, net income of $518 million and diluted earnings per share of $1.00. The financial results for the quarter include $9 million of purchased intangibles amortization expense and $4 million of restructuring charges.
|Thread||Thread Starter||Forum||Replies||Last Post|
|Seagate Lowers Warranty Period from 5 to 3 Years on Some Desktop Hard Drives||jmke||WebNews||1||12th December 2008 19:02|
|Seagate First to Ship 1 Billion Hard Drives; Expects Next Billion Within Five Years||jmke||WebNews||1||23rd April 2008 14:18|
|WD Ships 500-GB Desktop Hard Drives||jmke||WebNews||0||27th January 2006 18:36|
|Seagate Ships Half-Terabyte Nearline-Ready SATA Drives to the Channel||jmke||WebNews||0||12th January 2006 00:23|
|Seagate to Speed Up Performance of Tiny Hard Drives||jmke||WebNews||0||2nd December 2005 17:49|
|Hitachi Ships New SAS, Fibre Channel Hard Disk Drives||jmke||WebNews||0||27th May 2005 19:52|
|Western Digital Ships “RAID Edition” Hard Disk Drives||jmke||WebNews||0||5th August 2004 08:21|
|Seagate Savvio Hard Drives to Be Incorporated in IBM eServer(TM)||Sidney||WebNews||0||5th August 2004 07:37|
|Seagate Rolls Out 400 GB SATA Drives||jmke||WebNews||0||14th June 2004 23:31|