Feeds

Seagate sells an awful lot of HDDs

Company record

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Seagate flogged 14.6 million hard disk drives (HDDs) in the December quarter (its Q2), a record for the company. Sales were $1.741bn and net income was $122m.

On a GAAP comparison (a conservative US accounting standard) Seagate and Seagate Technology, the previous owner of the hard drive business, reported a combined net loss of $1.792 billion.

Seagate Technology was dismembered in March 2000, with the software business hived off to Veritas for $19.2bn in stock, and the HDD and tape drive business sold to the management for $2bn (or $1.2bn - $800m of working capital was retained in the manufacturing business). At the time, analysts estimated this unit was worth $3bn on an earnings per share basis. Now, it looks like even more of a steal.

Related story

Seagate MBOs HDD business at rock-bottom price

Choosing a cloud hosting partner with confidence

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.