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Seagate Technology Provides Updated Financial Outlook

Seagate Technology plc., updated its financial outlook for the December 2011 and March 2012 quarters. The company continues to believe that, due to the industry impacts caused by the extensive flooding in Thailand, hard disk drive supply will be significantly constrained for several quarters. For the December 2011 quarter, the company believes the industry will ship between 110-120 million units.

The company believes the industry's ability to manufacture and ship hard disks drives will gradually improve throughout calendar 2012. While this may alleviate some of the unit demand shortfall, it is expected that some companies will optimize unit shipments by manufacturing lower component count/lower capacity hard disk drives; thereby, only modestly offsetting the growing petabyte shortage. Because demand is estimated to significantly exceed supply during this time, pricing is expected to remain stable.

Seagate Announces Momentus XT Solid-State Hybrid Hard Drive for Notebooks

Seagate is now shipping the second generation of Momentus XT, its groundbreaking solid state hybrid drive for consumer and commercial laptops and the company’s fastest drive ever for personal computers. With a simple drive upgrade, users can boost boot-up speed and overall performance to turbo-charge their laptop PC. Seven original equipment manufacturers are gearing up to ship laptops powered by the Momentus XT drive. The drive is now available at online retailers Amazon, Canada Computers, CDW, Memory Express, NCIX, Newegg, and TigerDirect.

Powering the Momentus XT drive are Seagate’s Adaptive Memory and FAST Factor technologies. Adaptive Memory technology works by identifying data usage patterns, and then moving the most frequently retrieved information to solid state memory for faster access. Adaptive Memory effectively tailors hard drive performance to each user and the applications they use. FAST Factor technology blends the strengths of SSDs and hard disk drives for faster access to applications, quicker bootup and higher overall system speed.

Western Digital Reports Arbitration Decision, will Challenge the Award

Western Digital Corp. today reported that on November 18, 2011, an arbitration award of $525 million was rendered against the company by a sole arbitrator in a pending confidential arbitration action in Minnesota. The amount of the award does not include prejudgment interest, which will be subsequently determined. The award involves claims brought by Seagate Technology LLC against WD and one employee who was formerly employed by Seagate, alleging misappropriation of confidential information and trade secrets.

"We do not believe there is any basis in law or fact for the damage award of the arbitrator," said John Coyne, president and chief executive officer. "We believe the company acted properly at all times and we will vigorously challenge the award. This does not affect our ability to conduct our operations, to complete the recovery and recommencement of our Thailand operations or, subject to obtaining the required regulatory approvals, to consummate our planned acquisition of Hitachi GST."Source: Western Digital

LSI Implements SAS 12 Gb/s Interface

LSI corporation is the first to implement new serial-attached SCSI (SAS) 12 Gb/s interface, geared for future generations of storage devices that can make use of that much bandwidth. For now, LSI proposes SAS expander chips that distribute that bandwidth among current-generation storage devices. The company displayed the world's first SATA 12 Gb/s add-on card, which uses PCI-Express 3.0 x8 interface to make sure there's enough system bus bandwidth. This card can connect to up to 44 SAS or SATA devices, and supports up to 2048 SAS addresses. It is backwards compatible with today's 6 Gb/s and 3 Gb/s devices.

By making use of the 12 Gb/s SAS Expander solution paired with 32 current-generation Seagate Savvio 15.3K RPM hard drives, LSI claims 58% increase in IOPS compared to a 6 Gb/s host controller, because of better bandwidth aggregation per drive. There's also a 68% increase in bandwidth yield. The array of 32 hard drives could dole out 3106.84 MB/s on IOMeter, and more significantly, over 1.01 million IOPS. As big as this number seems, it could be an IOMeter bug, because the numbers don't add up. Perhaps it's measuring IOPS from disk caches.

Seagate Streamlines Barracuda Product Family; Simplifies Selection for Consumers

Seagate is streamlining its flagship family of desktop drives under a single product that hones in on performance and big capacities to help satisfy the explosive growth in content creation and consumption by businesses and consumers worldwide. The new Barracuda family makes it easier for consumers to find the product they need and reduces costs for Seagate’s original equipment manufacturer and distribution channel customers by reducing the number of product qualifications and amount of inventory they need to manage.

“A simpler desktop drive product family is exactly what Seagate customers are asking for,” said Scott Horn, vice president of Marketing at Seagate. “The new Barracuda family reflects the reality that end-users want a full range of hard drive capacities and as much performance as we can give them to help manage and store massive amounts of digital content. In addition, our OEM and channel customers want to reduce overhead costs by having fewer product lines to qualify and manage in their inventory.”

Seagate Technology Reports Fiscal First Quarter Financial Results

Seagate Technology plc today reported financial results for the quarter ended September 30, 2011. The company shipped 51 million disk drives and reported revenue of $2.8 billion, gross margin of 19.5%, net income of $140 million and diluted earnings per share of $0.32. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported net income of $146 million and diluted earnings per share of $0.34 for the quarter ended September 30, 2011. For a detailed reconciliation of non-GAAP to GAAP results, see accompanying financial tables.

Additionally, Seagate returned $75 million to shareholders in the form of a dividend and repurchased $128 million of ordinary shares during the first fiscal quarter.

Seagate Announces World's First 4 TB Desktop Hard Drive

Seagate today announced it is shipping a new 4TB GoFlex Desk external hard drive – the highest capacity hard drive in the industry. This latest addition to the GoFlex Family of external hard drives showcases Seagate’s new desktop design. The streamlined industrial design delivers a smaller footprint and better reflects the aesthetic of today’s modern offices while still providing all of the benefits of previous generations of the GoFlex drives. The new 4TB GoFlex Desk drive is now available from www.seagate.com and will be available from select online retailers within the month for a manufacturer’s suggested retail price of $249.99 USD. The entire line of GoFlex Desk products will also adopt the new industrial design in the coming weeks. The GoFlex Desk for Mac external drive featuring both FireWire 800 and USB 2.0 will be available in Apple stores by the end of the month.

Seagate Ships 1 Million Momentus XT Solid State Hybrid Drives

Seagate has shipped its one millionth solid state hybrid drive for laptop PCs after launching the product – Momentus XT – in spring 2010. Major computer makers including Alienware, ASUS, Dell, Sony and Toshiba now offer laptops powered by the 2.5-inch drive that blends performance rivaling solid state drives with the enormous capacity and much lower cost of hard disk drives.

The Momentus XT solid state hybrid drive, a 7200RPM drive with up to 500GB of capacity, boots up to 50 percent faster than traditional 5400RPM drives and sets new benchmarks for real-world system performance for laptops and gaming systems. Seagate's Adaptive Memory technology is key to the drive's speed, optimizing its performance by moving frequently used information into the 4GB of onboard solid state memory for faster bootup and application access.

Seagate Hard Drives To Feature SafetyNet Data Recovery Services

Seagate, today unveiled the GoFlex Turbo performance drive with SafetyNet data recovery services (DRS). SafetyNet data recovery is the first recovery service offering by a hard drive manufacturer to be included as part of the purchase price of an external drive. With the latest super speed USB 3.0 interface and RPMs clocked at 7200, the GoFlex Turbo drive is equipped to handle transfer speeds up to 40% faster than that of its USB 2.0, 5400-RPM siblings. This latest addition to the GoFlex family was developed with the understanding that those who place a high value on their data should have the peace of mind that their data is even more secure regardless of what unforeseen incident might occur to the drive. The new GoFlex Turbo performance drive features two-years of SafetyNet data recovery services and is now available from Best Buy for a manufacturer's suggested retail price (MSRP) of $119.99 for 500GB and $139.99 for 750GB.

Seagate Ships Pulsar XT.2 Enterprise SSD

Seagate today began distribution channel shipments of the Pulsar XT.2 solid state drive (SSD) that combines outstanding and consistent performance with the data integrity and drive endurance needed for the most demanding enterprise environments, and is on track to commence channel shipments of the Pulsar.2 SSD, the first Multi-Level Cell (MLC) Flash-enabled SSD from an enterprise hard drive maker, on July 29.

The Pulsar XT.2 SSD combines Single-Level Cell (SLC) flash with a native 6Gb/s Serial Attached SCSI (SAS) interface to make it the fastest drive in the Seagate portfolio. The 2.5-inch SSD with up to 400GB of capacity is optimized for complex, mixed workloads typical of enterprise environments such as online transaction processing (OLTP), database or web indexing, and email.
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