Feeds

Seagate fscks up: Disk drive sales fall short by $500m

Quality slip and flood-proof competitors fingered

Beginner's guide to SSL certificates

Seagate will miss its fourth quarter's sales target as its competitors recover faster than expected from floods that knackered hard drive supplies.

The storage biz also had a quality-control issue with an enterprise disk product, which reduced shipments by 1.5 million units to 66 million, and increased costs. It issued a preliminary set of quarterly results to prepare Wall Street for the shortfall, adding that it expects to report $4.5bn (£2.9bn) revenues instead of $5bn (£3.2bn) and a 1 per cent fall in its gross margin to 33.6 per cent.

Stifel Nicolaus analyst Aaron Rakers thinks rival Western Digital may have gained market share compared to Seagate in its final fiscal quarter of 2012.

In its previous quarter Seagate made a $1.1bn profit on revenues of $4.4bn so it should make a healthy enough profit on sales of $4.5bn; let's say, half a billion dollars. It sees no market growth in the next quarter due to weakening economic conditions. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Official: European members prefer to fondle Apple iPads
Only 7 of 50 parliamentarians plump for Samsung Galaxy S
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Space Commanders rebel as Elite:Dangerous kills offline mode
Frontier cops an epic kicking in its own forums ahead of December revival
Intel's LAME DUCK mobile chips gobbled by CASH COW
Chipzilla won't have money-losing mobe unit to kick about anymore
First in line to order a Nexus 6? AT&T has a BRICK for you
Black Screen of Death plagues early Google-mobe batch
Ford's B-Max: Fiesta-based runaround that goes THUNK
... when you close the slidey doors, that is ...
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?