Feeds

Seagate to 'shut US plants'

1000 jobs at risk

Top 5 reasons to deploy VMware with Tegile

A US financial analyst expects Seagate to announce the closure of one or two US plants by the end of May, predicting 800 to 1000 redundancies.

The target at Seagate is to drive its quarterly operating expenses below $300m, according to Stifel Nikolaus analyst Aaron Rakers. This will be achieved, he thinks, by shutting down one or two US plants, which will achieve a faster operating expense reduction than closing overseas facilities. There could be up a thousand employees laid off as a result.

Rakers also considers that Seagate has caught up with Western Digital and other competitors on small form factor areal density, with 320GB/platter capacity levels being reached. An announcement of 2.5-inch products with 320 and 640GB capacities could occur in the third quarter of this year, with shipments in the fourth quarter or very early 2010.

Seagate could also introduce a lower cost 2.5-inch drive for the netbook market in the second half of this year.

Seagate SSD

Rakers confirms a belief that Seagate will enter the enterprise flash memory solid state drive (SSD) market in competition with the leading SSD supplier in this market, STEC. He thinks that Seagate could be utilising technology from SandForce as it develops its own controller technology. This technology can, SandForce claims, more or less equalise SSD read and write speeds, and make multi-level cell (MLC) flash reliable enough for enterprise use. Dr. Chong Park is a SandForce board director and also a board director at Seagate. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.