Feeds

Seagate profits slump

But nearly $3bn in sales

Combat fraud and increase customer satisfaction

Disk maker Seagate saw profits fall in the second quarter ended 29 December 2006 despite growing sales.

Costs relating to the acquisition of Maxtor pushed profits down more than 50 per cent.

Seagate made sales of $2,996bn in the quarter ended 30 December 2005, but net income was down to $140m from $287m.

The company spent $76m directly on the acquisition, but said it was successfully shifting Maxtor customers to "more cost-effective, higher margin Seagate products".

In the run up to Christmas the firm sold seven million disc drives for consumer products.

Looking forward, Seagate predicts a further increase in profitability in the traditionally slower second half of the year.

For fiscal 2007 it predicts revenues of between $11.5bn and $11.7bn and non-GAAP diluted earnings per share of $1.70 and $1.75.

The company will pay a quarterly dividend of 10 cents per share on or before 16 February.

More here. ®

3 Big data security analytics techniques

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
BOFH: Oh DO tell us what you think. *CLICK*
$%%&amp Oh dear, we've been cut *CLICK* Well hello *CLICK* You're breaking up...
AMD's 'Seattle' 64-bit ARM server chips now sampling, set to launch in late 2014
But they won't appear in SeaMicro Fabric Compute Systems anytime soon
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.