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Seagate Technology Reports Fiscal Third Quarter 2012 Financial Results

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#1
Seagate Technology plc today reported financial results for the quarter ended March 30, 2012. The company reported revenue of $4.4 billion, gross margin of 37%, net income of $1.1 billion and diluted earnings per share of $2.48. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported net income of $1.2 billion and diluted earnings per share of $2.64.

The company generated approximately $938 million in cash from operations, paid cash dividends of $112 million and used approximately $1.1 billion to repurchase 43.1 million shares of common stock and for the early retirement of debt.

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LGV

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#2
The massive flooding in Thailand the other month may have affected the supply of hard disk drives globally and it’s expected that prices of storage devices will increase in the following months.
Congrats Seagate! Worked!

Cant build a decent PC since thet flood.
Thank you!
 

FreedomEclipse

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#3
The massive flooding in Thailand the other month may have affected the supply of hard disk drives globally and it’s expected that prices of storage devices will increase in the following months.
Congrats Seagate! Worked!

Cant build a decent PC since thet flood.
Thank you!
there was another flood?
 

LGV

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#4
Price flood.
 

FreedomEclipse

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#5
I think youre confused, prices have been slowly dropping. They are much more affordable compared to 6 or 8months ago.
 

LGV

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#6

Andy77

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#7
On your country maybe http://www.argep.hu/trend/SEAG/Seagate-hdd-1tb.html
23300/230 thets 100dollar right now for a 1gig ( cheapest!) thets a year ago, less then 40.
That's due to supplier overstock... happened here est of you something alike, until a month ago prices were lowish, or lower compared to western markets, because of high inventory of older parts but after that got cleared the suppliers didn't bother to purchase expensive parts and most shops now list a lot of HDD as out of stock, all that is available are the models that were higher priced and didn't get sold or new models, albeit few, priced really high like in your case. In countries where hardware is sold fast and in quantities prices are coming down, the expensive inventory getting cleared slowly but surely but for us, it all depends on the supplier's business skills... if they feared high-demand and bough lots of expensive inventory it will take a while before that gets cleared, but if they waited this wave to pass and hoped to be able to get cheaper inventory, now they might resupply at reasonable prices.
 
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#8
So, the take profit is about 1.2 billion.

Then cash dividends to the share holders ...

Finally repurchase some out standing stock to have the stock price rise ...

This leaves about 0.1 billion of money to hold for a rainy day.