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Articles about Stephen Luczo

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Seagate shines under Luczo's law

Luczo's law seems to suit Seagate - it's just raised its quarterly revenue guidance. Since ousting Bill Watkins six months ago in January, and retaking the CEO reins, board chairman Stephen Luczo has reshaped Seagate, cut costs, and regained 2.5-inch drive parity with Western Digital, if not leadership, positioning the company …
Chris Mellor, 26 Jun 2009
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Seagate triples up heads/platter ratio

In a final attempt to break out of the I/O density gap crippling hard disk drive I/O, Seagate is introducing drives with three heads per platter that will dramatically cut latency and seek times. Chairman and CEO Stephen Luczo said: "Latency and seek time delays are the open door through which flash drives are pouring in to …
Chris Mellor, 01 Apr 2011
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Ex-top disk dog down in the revenue dumps

Seagate has announced preliminary third quarter results 11.5 per cent lower than a year ago, with 1.3 million fewer disk drives shipped, but announced it is going to begin making dividend payments. Happy investors have boosted its shares by 9.12 per cent to $16.03. Seagate said for its third fiscal 2011 quarter, ending April 1, …
Chris Mellor, 08 Apr 2011
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Floods really will bring armageddon in 2012, insist resellers

PC shortages are affecting the UK earlier than expected but the rapid swing from inventory overload to relative hardware famine has led to some customers dismissing resellers' warnings as sales opportunism. The channel has been awash with stock all year as consumer demand fell off a cliff. However PC makers forecast shortages …
Paul Kunert, 21 Nov 2011
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Disk drive prices swell 5% every DAY in floods aftermath

Price comparison site Idealo.co.uk has revealed that disk drive prices were rising by more than 5 per cent a day in the aftermath of the crisis in Thailand that sent supply chains into a tailspin. The worst flooding in the country for more than half a century led to panic buying in the channel and subsequent accusations that …
Paul Kunert, 25 Nov 2011
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Seagate ships slim slab of storage

Seagate has launched a 320GB slim slab of disk storage which will cost content rich but space poor users a measly £80. The GoFlex Slim uses the single platter, 2.5-inch, 7,200rpm, Momentus Thin disk drive, launched in January, and comes with a USB 3.0 interface, nominally 10 times faster than the generic USB 2.0 currently …
Chris Mellor, 05 Apr 2011
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Seagate to buy Samsung's disk drive biz?

Seagate may buy Samsung's hard disk drive business, according to the Wall Street Journal. Samsung wants as much as $1.5bn for the loss-making unit but may take less than $1bn. We understand Seagate chairman and CEO Stephen Luczo is spending up to three months in the Far East, convenient for talking to Korea-based Samsung. With …
Chris Mellor, 18 Apr 2011
The Register breaking news

Seagate squirts out rectal cleaning spray

If you go down to the Amazon woods today you can be sure of a big surprise: Seagate seems to have taken an unexpected product direction. The product contains borax, helonius, kreosotum and platina  and gets rid of certain kinds of irritations in a homeopathetic manner, allegedly. There are companion products which can be …
Chris Mellor, 02 Nov 2010
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Seagate-Steve trash for Apple-Steve flash pash

The MacBook Air is not a pointer to a diskless notebook future, according to Seagate chairman and CEO Stephen Luczo. Luczo made this pronouncement while discussing Seagate's poor results with financial analysts. The headline first quarter results for Seagate's financial 2011 set the scene: revenue rose $34m to $2.7bn compared to …
Chris Mellor, 22 Oct 2010
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Seagate foresees monster 2011

Seagate CEO Stephen Luczo thinks there could be monster hard disk drive sales in 2011 following better than 15 per cent growth this year. As reported in Barrons, Luczo's pitch is that recovery from the recession started for the hard disk drive (HDD) industry in 2009 but outside the USA. He sees demand in the USA accelerating in …
Chris Mellor, 11 Jan 2010
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Seagate pumps £60m into Springtown plant

In a bit of cheery news for Ulster, Seagate is pumping £60m into its Springtown, Londonderry, plant to develop next-generation read/write heads. Springtown develops and manufactures the hard disk drive heads using nanoscale technology, and supplies more than a million heads a day. The £60m is made up of £47.3m from Seagate and …
Chris Mellor, 28 Jan 2010
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Seagate shenanigans hide cunning plans

Seagate has admitted it is discussing going private for the second time in a month. In a statement it said "it has received a preliminary indication of interest regarding a going private transaction." Seagate is talking with the unnamed party concerned and "has retained Morgan Stanley & Co. Incorporated and Perella Weinberg …
Chris Mellor, 15 Oct 2010
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Seagate replaces CEO

Seagate has startlingly and suddenly replaced its long-serving CEO Bill Watkins with chairman Stephen Luczo. It's also lost its chief operating officer, indicating turmoil at the top levels in the company. Luczo continues as chairman of the board, possibly indicating that being CEO is a temporary appointment. He'll agree with …
Chris Mellor, 12 Jan 2009
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Is Seagate poised to go private?

Seagate has been in discussion with a pair of private equity firms about a move off the stock market and back into private ownership, according to reports. The alleged discussions have been reported by normally reliable Reuters, Bloomberg and others. The talks between Seagate, TPG Capital and Silver Lake Partners have not …
Chris Mellor, 22 Sep 2010
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Seagate extends enterprise disk and SSD lines

Seagate has extended its enterprise disk and solid state storage products in a comprehensive announcement following hard on the heels of Western Digital buying Hitachi GST. Second generation Pulsar solid state drives (SSD) have been announced with a 2-bit, multi-level cell Pulsar.2 and a higher-performance single level cell …
Chris Mellor, 15 Mar 2011
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Seagate slashes more jobs

Seagate is cutting a further 1,100 jobs with a view to reaching break-even point, aiming to save $125m a year. Seagate is the world's largest supplier of hard disk drives and the cuts represent 2.5 percent of its global headcount. They will get Seagate's cost down to less than $300m a quarter and, hopefully, make the firm …
Chris Mellor, 13 May 2009
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Seagate swings hefty axe at execs

Seagate has given several execs the boot, including consumer products divisional president Brian Dexheimer, whose division's products didn't exactly set the world on fire. According to an SEC filing Dexheimer will leave his post at the end of the financial year, June 30, to effect a smooth transition, following which there will …
Chris Mellor, 05 Mar 2009
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Xiotech gets $10m funding fillip

Seagate spin-off Xiotech has raised $10m in a funding round along with a $10m credit line. It will use the cash for product development. Xiotech bought the Advanced Storage Architecture Group from Seagate, and got access to the Integrated Storage Element (ISE) sealed canisters of disk technology used in its Emprise systems, in …
Chris Mellor, 18 Sep 2009
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Bombshell in platterland: WD tried to buy Seagate

Bloomberg let off a mini-bombshell yesterday: Western Digital apparently offered to buy Seagate in October. At the time, world number one (by revenue) hard disk drive manufacturer Seagate was in the midst of resumed discussions with private equity buyers – led by TPG Capital – to go private. This is after initial discussions in …
Chris Mellor, 03 Dec 2010
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Seagate ends gunfight at the SSD corral

In the legal gunfight at the SSD corral initiated by Wild Bill Watkins - then top gunslinger at Seagate - STC has emerged victorious, with Seagate abjectly running away. Seagate sued STEC for patent infringement of its own solid state drive technology in April last year. The alleged infractions even included the 3.5-inch form …
Chris Mellor, 20 Feb 2009
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Seagate sees more restructuring ahead

Seagate's third financial 2009 quarter revenue was better than feared but still lower than the previous quarter, and the company anticipates more restructuring to lower costs, indicating more jobs may be lost. The storage firm reported preliminary Q3 fy09 revenues of $2.1bn, compared to Q2 fy09's $2.27bn, better than the outlook …
Chris Mellor, 14 Apr 2009
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So when did the knives come out at Seagate?

To lose two CxO-level officers in one day is exceptional, even by Seagate standards. Last week's axing of CEO Bill Watkins and the resignation of COO David Wickersham resembled a day of the long knives in Scotts Valley. So how did it come to this? The events timeline looks like this: 1. At a Barclays Capital analysts' …
Chris Mellor, 16 Jan 2009
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Steptoe storage vendors cash in on junk platters

Disks break - everyone knows that. Yet storage array vendors have rejected a technology that would get around this and save their customers pots of money. This resulted in Seagate writing off millions of dollars, and customers continuing to spend money buying products from storage vendors that could have been much more reliable …
Chris Mellor, 15 Apr 2009
The Register breaking news

Seagate builds film drives for Kodak

Eastman Kodak and Seagate are joining forces to create improved APS-camera-to-computer technology bridges. The alliance covers marketing, manufacturing and sales, and the two companies will work to develop the next generation of film drives. Under the terms of the deal, Seagate gets exclusive manufacture and sales rights for …
Lucy Kewney, 17 Sep 1998