Feeds

Seagate layoffs coming?

Possible facility closures too

Combat fraud and increase customer satisfaction

Seagate is focusing on cutting OPEX, and a financial analyst expects facility closures and/or headcount reductions over the coming months.

Wachovia's Aaron Rakers investors' research note says that Seagate is looking to trim operating expenses, with an OPEX/revenue ratio below 12 per cent being the aim.

The company hopes that its new 500GB 2.5-inch drives will increase its gross margin as the 250GB/platter area density allows it to sell a 250GB unit with one platter and dual heads instead of with two platters as it did before. Rakers expects a FreeAgent software refresh which, combined with the new 500GB drives, will strengthen Seagate's retail presence. He understands that Seagate expects Western Digital to have a 500GB 2.5-inch drive out in the fourth quarter of this year.

There are, Rakers writes, more than 100 Seagate engineers focussed on enterprise solid state drives with a product announcement expected in the second quarter of 2009. ®

Combat fraud and increase customer satisfaction

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
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
Microsoft builds teleporter weapon to send VMware into Azure
Updated Virtual Machine Converter now converts Linux VMs too
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
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.
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.
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.