News Posts matching "Seagate"

Return to Keyword Browsing

Microsoft Announces Increase in Quarterly Dividend

Microsoft Corp. today announced that its board of directors declared a quarterly dividend of $0.23 per share, reflecting a 3 cent or 15 percent increase over the previous quarter's dividend. The dividend is payable December 13, 2012 to shareholders of record on November 15, 2012. The ex-dividend date will be November 13, 2012.

The company also announced that Raymond V. Gilmartin, former chairman, president and chief executive officer of Merck & Co., Inc., has decided that after 11 years of service, he will retire from and not seek re-election to Microsoft's board of directors at the company's 2012 annual meeting of shareholders.

Seagate and Intel to Demonstrate Solid State Hybrid Drive Capabilities at IDF

Seagate Technology announced today that they will be working with Intel Corporation to demonstrate new advancements in solid state hybrid drives (SSHD) at this year's Intel Developer Forum taking place September 11-13, 2012, at the Moscone West Convention Center in San Francisco. In the Advanced Technology Zone of the event, Intel will demonstrate Seagate's latest solid state hybrid drive design, accelerated with Intel Smart Response Technology, which run common office productivity applications almost on par with solid state drives.

Separately, an educational presentation titled "Ultrabook Responsiveness: Performance & Power End-Users Can Feel", will provide details on how SSHD technology combined with Intel Smart Response Technology will contribute to a powerful new combination of performance and capacity in the next generation Ultrabook devices. Solid state hybrid drives combine performance similar to a solid state drive with the large capacity of a hard disk drive in a single disk drive enclosure.

Western Digital Shakes off Thai Flood Impact, Retakes Hard Drive Market Lead in Q2

Six months after losing the top spot in the global hard disk drive (HDD) segment due to the Thai flooding disaster, Western Digital Corp. in the second quarter recovered its market lead from chief rival Seagate Technology, according to an IHS iSuppli Storage Space Market Brief from information and analytics provider IHS.

Western Digital produced approximately 71.0 million HDD units in the second quarter, including production from Hitachi GST, a company acquired by Western Digital earlier in the year. Revenue for Western Digital amounted to $4.8 billion—a company record.

In comparison, Seagate shipped 65.9 million HDD units during the same period, with revenue reaching $4.5 billion—also a record in Seagate's books.

Seagate Completes Acquisition of a Controlling Interest in LaCie

Following their press releases issued on May 23, 2012 and June 14, 2012, Seagate Technology plc (NASDAQ:STX) and LaCie S.A. (Euronext:LAC) announced today the completion of the purchase by Seagate of all of the shares of Philippe Spruch and his affiliate, representing 64.5% of the outstanding shares of LaCie for a provisional price of €4.05 per share. The price payable to Philippe Spruch and his affiliate may be increased by 3%, to €4.17 per share, in the event that within six months following today's date, Seagate holds at least 95% of the share capital and voting rights of LaCie.

The completion of the transaction follows the required clearances from the French Ministry of Finance and the US and German Antitrust Authorities. As a result of the completion of the transaction, Seagate intends to file in the coming weeks with the French Autorité des marches financiers an all-cash simplified tender offer on the remaining LaCie shares.

Seagate Appoints Gary Gentry to Lead Solid State Drive Business

Seagate Technology plc (NASDAQ: STX) today announced that Gary Gentry has rejoined Seagate to lead its solid state drive (SSD) business as senior vice president, SSD. Mr. Gentry will have responsibility for driving Seagate leadership in the SSD space, with time-to-market, competitive product offerings. He will be located in Longmont, Colorado and will report directly to Rocky Pimentel, chief sales and marketing officer.

Mr. Gentry has over 25 years of experience in the storage industry, including most recently as the general manager of the Enterprise SSD Division of Micron Corporation. Prior to rejoining Seagate, he held leadership positions focusing on solid-state technologies at Spansion Corporation and Storage Genetics. He also served as chief marketing officer for Maxtor, and provided strategic consulting to Hitachi Global Storage Systems. While at Seagate he held various management positions including vice president, strategic marketing and planning.

Seagate Reports Fiscal Fourth Quarter 2012 and Year-End 2012 Financial Results

Seagate Technology plc today reported financial results for the quarter and fiscal year ended June 29, 2012. During the fourth quarter, on a GAAP basis the company reported revenue of approximately $4.5 billion, gross margin of 33.1%, net income of $1.0 billion and diluted earnings per share of $2.37. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported gross margin of 33.6% and diluted earnings per share of $2.41.

In the June quarter, Seagate generated approximately $1.4 billion in cash from operations, paid cash dividends of $106 million and used approximately $1.2 billion to redeem approximately 45 million ordinary shares. Through the first half of the 2012 calendar year, Seagate has redeemed approximately 88 million ordinary shares, representing approximately 19% of the company's market capitalization. Cash, cash equivalents, restricted cash, and short-term investments totaled $2.2 billion at the end of the fourth quarter, a sequential increase of approximately $67 million.

Century Intros 12.5 mm-thick 2.5-inch Drive Dock

Century Japan released a new drive dock (model: CMRK-S4) for PCs with vacant 5.25-inch drive bays, which provides four 2.5-inch SATA hot-swap drive bays, supporting drives as thick as 12.5 mm (such as WD VelociRaptor without its heatsink, or Seagate Cheetah. The four bays have lockable caddies. Since this is a passive dock, the SATA connections are relayed to the back. The four bays are cooled by a 40 mm exhaust fan on the back. The fan spins at speeds of around 4,000 RPM, with noise output around 25 dBA. Measuring 145.7 x 149.3 x 41.6 mm (WxDxH), the dock weighs 500 g, owing to its mostly metallic built. Slated for early August, it is expected to be priced at 3,980 JPY (US $50).

Source: Hermitage Akihabara

Seagate and DensBits Announce Strategic Agreement for Development of SSDs

Seagate Technology plc the worldwide leader in hard disk drives and storage solutions, and DensBits Technologies Ltd (“DensBits”) the inventor of the world's first Memory ModemTM have announced today a strategic agreement for the development of low-cost, high-performance Solid State Drives (“SSD”) for the consumer and enterprise markets. In conjunction with the agreement, Seagate has made an undisclosed equity investment in DensBits.

Seagate and DensBits are joining forces, to develop future products that are intended to provide customers with significant cost savings, extremely high reliability, and unparalleled performance. Under the agreement, DensBits’ Memory ModemTM controller technology will be integrated with Seagate’s various storage technologies to power a wide range of consumer and enterprise applications including 3 bits/cell (“TLC”) 1Xnm Flash-based consumer-grade SSD, and 2 bits/cell (“MLC”) 1x nm Flash-based enterprise-grade SSD.

Seagate and LaCie Announce Signature of Binding Share Purchase Agreement

Following their press release issued on May 23, 2012 announcing exclusive negotiations and the receipt on June 8, 2012 of the opinion of the employee representative body of LaCie S.A., Seagate Technology plc and LaCie announced today that Seagate, Philippe Spruch, LaCie’s chairman and CEO, and his affiliate, have entered into a binding share purchase agreement to purchase all of the shares of Philippe Spruch and his affiliate, representing 64.5% of the outstanding shares of LaCie for a provisional price of €4.05 per share (as may be adjusted downwards depending on the cash and debt position of LaCie at closing).

As previously announced, Ricol Lasteyrie & Associés have been appointed as independent expert by the Board of Directors of LaCie on June 23, 2012. The transaction has already received clearance from the US Antitrust Authorities but remains subject to regulatory approval in France (approval of foreign investments by the Ministry of Finance) and Germany (antitrust filing) and to other customary closing conditions.

Seagate Reinvents Backup for Your Digital Life

Seagate Technology plc., today introduced Backup Plus storage devices – its reinvented consumer storage product family that delivers the easiest setup, one-click backup and the ability to save and share your content on Facebook and Flickr.

Seagate Backup Plus hard drives are newly designed external storage that work interchangeably with both Windows and Apple computers and deliver new features to protect, share and save nearly every aspect of one’s digital life. These products come loaded with the new hassle-free Seagate Dashboard software for one-click local backup making it easier than ever to eliminate excuses or apprehensions about backing up one’s most valuable digital content. Seagate Backup Plus products are the world’s first external hard drives to provide backup for content on social networks, such as Facebook and Flickr. Storing a local duplicate copy of photos from social networks is now as easy as backing up files on your computer. Seagate Backup Plus will provide the peace of mind that every aspect of one’s digital life is safe from loss.
Return to Keyword Browsing