Feeds

Seagate ups Q1 estimates

Expects good quarter

  • alert
  • submit to reddit

New hybrid storage solutions

Hard disc maker Seagate told Wall Street today that it hopes to do better than expected in its first quarter. The company expects to end the first quarter of 2005, ending 1 October 2004, with sales of between $1.48bn and $1.52bn with earnings per share of between 6 and 8 cents rather than the $1.47bn turnover and earnings of 3 cents per share analysts were expecting. Seagate said demand for drives remained strong.

Seagate expects the average price for its product to continue to decline over the quarter by between 3 per cent and 4 per cent. The firm believes the Total Available Market, or TAM, for enterprise storage products to be about 5.8m units - slightly higher than previously predicted. Seagate believes its share of this market will remain constant.

Seagate estimates the TAM for desktop computing storage product to be between 47m and 48m units, lower than company previously estimated. The company predicts the TAM for mobile computing storage products will be between 14m and 15m - this includes 2-inch and 1.8inch drives for notebook computers.

Consumer electronic storage products like personal video recorders, game consoles and portable digital audio players make up 10m to 11m, Seagate previously estimated this market at between 8m and 10m units.

Shares in Seagate rose more than 10 per cent in trading before the Nasdaq opened this morning.

More details are available on the Seagate website here ®

Related stories

Samsung shows 'world's first' hard drive phone
Cornice countersues Seagate
Seagate sees red in Q4

New hybrid storage solutions

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.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
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.