Feeds

Seagate layoffs coming?

Possible facility closures too

Securing Web Applications Made Simple and Scalable

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. ®

The Essential Guide to IT Transformation

More from The Register

next story
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
FLAPE – the next BIG THING in storage
Find cold data with flash, transmit it from tape
Seagate chances ARM with NAS boxes for the SOHO crowd
There's an Atom-powered offering, too
Intel teaches Oracle how to become the latest and greatest Xeon Whisperer
E7-8895 v2 chips are best of the bunch, and with firmware-unlocked speed control
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.