Feeds

Seagate in sales doldrums

Soft business for hard drives

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

Now Seagate joins the hard drive vendors' profit doldrums club. It blames weaker than expected demand for disk drives and price deterioration for desktop products for its failure to meet previous estimates. Q4 sales from all disk drive products will be around $100 million -– around six per cent -- worse than Q3. Earnings per share were expected to be $0.45 -– now Seagate anticipates and EPS of $0.32 to 037. Both sets of forecasts exclude the effects of the sale of Seagate Software NSMG to VERITAS. Seagate’s profit warning comes a little late in the day. Its Q4 ends on 2 July and it expects to announce results after close of play on 15 July. In recent weeks, Western Digital and Maxtor have issued profit warnings. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.