Hutchinson Tech rallies after 4Q results Nov 4, 2009
-based Seagate Technology that it would phase out its procurement of disk drive suspension assemblies from Hutchinson. Since the end of its 2007 fiscal year in Sept 2007, Hutchinson by about 47 percent, declining from 4,698 employees worldwide to about 2,500. (Twin Cities Business Journal, MN)
Windows 7 May Help Kickstart Delayed Corporate Spend Oct 22, 2009
The entire computer food chain, from chipmakers like Intel Corp and Advanced Micro Devices to disk drive makers like Seagate Technology, stands to benefit from a robust push by companies to replace PCs. 1. (ABC News -- Wire)
Researcher paves alternate path for hard drives Oct 20, 2009
Seagate Technology has been championing an approach called heat-assisted magnetic recording (HAMR) that uses a tiny laser light on each drive head to heat a portion of the disk just before a write operation. Rival Hitachi Global Storage Technologies is working on a way to pattern tracks and even bit locations on media. (EETimes)
High hopes and big risks in tech earnings Oct 10, 2009
Manufacturers such as Hewlett-Packard (HPQ.N) and suppliers like Intel and hard drive maker Seagate Technology (STX.O) are preparing for the crucial holiday season and the most anticipated event on the tech calendar this fall: the October 22 launch of Microsoft's (MSFT.O) Windows 7. The operating system has had favorable reviews and is expected to trigger demand for new PCs and laptops from consumers and eventually from businesses. (Yahoo News -- Press Releases)
Fortune Data Centers banks on strong signs of future growth Oct 6, 2009
The facility in Edenvale was once occupied by hard drive manufacturer Maxtor, which was acquired by Seagate Technology LLC.. The first phase was redeveloped and hit the market last spring. (San Jose Business Journal, CA)
Drive makers at crossroads over next generation Sep 30, 2009
Drive makers such as Seagate Technology have been championing a technology called heat-assisted magnetic recording they see providing the next big leap beyond perpendicular recording, today's mainstream technology. HAMR puts a tiny laser light on each drive head to heat a portion of the disk just before a write operation. (EETimes)
Read the Cost of Freedom recap Sep 30, 2009
Evelyn Rusli: Seagate Technology (). Mike Ozanian: Huntsman Corp (). (Fox News)
Digital will Sep 30, 2009
The password opens the keys - without that password you can't get access,'' says Jon van Bronkhorst, of Seagate Technology. In the event of a password being lost Seagate can help read a disk but cannot help decrypt content. (BBC News -- Technology)
OpenTV to Demonstrate External PVR Solution at IBC 2009 Sep 9, 2009
SAN FRANCISCO--(BUSINESS WIRE)--OpenTV Corp. (NASDAQ: - ), a leading software and technology provider of advanced digital television solutions, today announced it will be showcasing an external PVR storage solution in collaboration with Seagate Technology, the world leader of hard disk drives and storage solutions, at IBC 2009, Hall 1 Stand C81, September 11-15, 2009 in Amsterdam ... Seagate, Seagate Technology, Pipeline HD and Showcase are trademarks or registered trademarks of Seagate... (Yahoo! Wire -- Entertainment News)
eBay hangs up on Skype Sep 2, 2009
The buyer group, which will control a 65 percent stake in Skype, is led by private equity firm Silver Lake Partners, whose portfolio includes Ameritrade, Intelsat, NASDAQ, Travelocity and Seagate Technology. Its other members are London-based Index Ventures, an early investor in Skype, the Canada Pension Plan Investment Board and Andreessen Horowitz, a venture capital firm founded by Netscape co-founder Marc Andreessen. (Yahoo! Asia News)
Singapore won't need another stimulus: Lee Aug 17, 2009
Seagate Technology, the world's largest maker of hard-disk drives, said this month it will close one of its factories in Singapore by the end of 2010, affecting as many as 2000 employees. Join the conversation. (Sydney Morning Herald -- Business)
Rimage COO joins Compellent board Aug 15, 2009
Sherman Black, the president and chief operating officer of and a former executive at Seagate Technology, has joined the board of directors of Eden Prairie-based ... Before that, he held a variety of executive roles at Seagate Technology, including heading marketing and strategy core products, enterprise storage, global OEM sales and business development. (Twin Cities Business Journal, MN)
OpenTV Reports Second Quarter 2009 Results Aug 7, 2009
"market" : {"NAME" : "U.S.", "ID" : "us_market", "TZ" : "ET", "TZOFFSET" : "-14400", "open" : "1249651857", "close" : "1249675257", "flags" : {}} , "STREAMER_SERVER" : "http://streamerapi.finance.yahoo.com","arrowAsChangeSign" : false,"throttleInterval": "1000". Search for share prices. (Yahoo! Wire -- Entertainment News)
Seagate to cut 2,000 Singapore jobs, sees charges Aug 5, 2009
SINGAPORE, Aug 4 -- Computer hard disk maker Seagate Technology said it will lay off 2,000 workers in Singapore, or more than 4 percent of its global workforce, as it closes manufacturing facilities in the city-state in a bid to cut costs by $40 million a year. The move, which Seagate said would result in restructuring charges of $80 million, follows a slide in electronics exports from Singapore this year due to weaker consumer demand in the economic downturn. (EETimes)
Seagate Technology to lay off 2,000 employees in Singapore Aug 4, 2009
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Purveyors of everyday basics to offer insights Jul 26, 2009
Hard drive maker Seagate Technology on Tuesday reported a fiscal fourth-quarter loss, reversing a year-ago profit, but said it is seeing signs of improvement in the data storage market and lifted its revenue outlook for the first quarter. Losses totaled $81 million, or 16 cents per share, down from profit of $160 million, or 32 cents per share, in the same quarter last year. (Fresno Bee -- Business)
Indexes Tack On Gains As Leading Stocks Rally Jul 22, 2009
Earnings out Tuesday include Aaron's (), AK Steel (), Apple (), BJ Services (), BlackRock (), Caterpillar (), Coca-Cola (), Freeport-McMoRan (), Merck (), Seagate Technology (), Schering-Plough (), State Street () and Yahoo (). Also, Federal Reserve Chairman Ben Bernanke will give a speech on monetary policy Tuesday. (Investors Business Daily)
Goldman Boosts Dell, Cuts IBM Jul 11, 2009
() and Seagate Technology () to buy from neutral and downgraded Western Digital () and. () to neutral from buy. (BusinessWeek)
Three companies cutting nearly 500 jobs in state Jul 11, 2009
Also, Seagate Technology, based in the Cayman Islands, said it is cutting 102 jobs at its Shrewsbury facility. Copyright 2009 Globe Newspaper Company. (Boston Globe)
Look who's talking, union heads, recall Prop. 1A? Jul 5, 2009
They include 199 gone from Yahoo Inc., in Santa Clara and Sunnyvale, 54 from Fujitsu in Sunnyvale, 72 from Roche Palo Alto and 171 from Seagate Technology LLC in Fremont, Milpitas and Scotts Valley. Layoffs are also occurring at Macy's West in San Francisco (with some more to come in August), AT/strong. (San Francisco Chronicle)
Consultant: Seagate space valuable Jun 27, 2009
Seagate Technology s former Strip District research building is a regional asset that should not be lost, according to a Washington County consultant who has joined the search for alternate uses for the site. Gary Rosensteel, principal at Peters Township-based , said the building s clean rooms, labs and location make it ideal for life science companies. (Pittsburgh Business Times, PA)
The following is an investment opinion release issued by Pennystockchaser.com Jun 26, 2009
Also News Release (U-STX) Seagate Technology ... Seagate Technology (NASDAQ:) down 3% trading at $9. (PR Newswire)
Friday's Biggest Stock Stars Jun 23, 2009
Friday's market is today's moneymaking road map. By Brian D. Pacampara. (MSNBC -- Business)
Malaysia covets Chinas outsourcing spot Jun 16, 2009
According to MDeC, Malaysia continues to attract outsourcing jobs from high-profile companies, such as US-based hard disk manufacturer Seagate Technology Ltd, which began outsourcing its IT services in May and Australian mining giant BHP Billiton that began outsourcing its financing operations late last year. A.T. Kearneys GSLI, released bi-annually, ranks the top 50 countries for outsourcing activities, including IT services and support, contact centres and backoffice support. (The Star Online, Malaysia -- Technology)
Whacking Wages Jun 16, 2009
Search all of BusinessWeek. It temporarily slashed salaries 15% for vice-presidents and above. (BusinessWeek)
Seagate Technology to cut 1,100 jobs May 15, 2009
for free extra services. Subscribe to Silicon Valley / San Jose Business Journal. (San Jose Business Journal, CA)
Sherlock Data Recovery Announced its Global Certified Partnership with i365, a Seagate Company May 12, 2009
Seagate Technology and the Wave logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries. i365, A Seagate Company, i365, EVault and MetaLINCS, are either trademarks or registered trademarks of Seagate Technology LLC or one of its affiliated companies in the United States and/or other countries. (Yahoo News -- Press Releases)
Coca-Cola, Oracle, Intel Use Cayman Island Addresses to Avoid U.S. Taxes May 6, 2009
May 5 (Bloomberg) -- Seagate Technology, the worlds largest maker of hard disk drives, is headquartered in Scotts Valley, California. Yet the documents it files with the Securities and Exchange Commission list its address on South Church Street in George Town, the capital of the Cayman Islands. (Bloomberg)
More marketers are counting on social networks May 3, 2009
Digital storage manufacturer Seagate Technology LLC has increased its social media strategy in the past six months, said spokesman Woody Monroy. The Scotts Valley (Santa Cruz County) company has a Facebook fan page, a YouTube channel, a Friendfeed and recently began staff-written blogs. (San Francisco Chronicle -- Business)
Business Briefing Apr 20, 2009
-- Earnings reports expected from Advanced Micro Devices, Delta Air Lines, Gilead Sciences, Merck, SanDisk, Seagate Technology, UAL, Yahoo. W. (San Francisco Chronicle -- Business)
Junk bonds signal revival of credit Apr 17, 2009
2-billion of notes, and hard-disk maker Seagate Technology STX-Q plans to sell $430-million of debt. Portfolio managers say there's talk from investment bankers that more sales are on tap to take advantage of resurgent demand. (Globe and Mail)
Seagate Technology Announces Pricing of $430 Million of Senior Secured Second-Priority Notes Apr 17, 2009
April 16 /PRNewswire-FirstCall/ -- Seagate Technology (Nasdaq: ) today announced the pricing of its previously announced offering of $430 million aggregate principal amount of 10 ... The Notes will be issued by Seagate Technology International ("STI"), an indirect wholly-owned subsidiary of Seagate Technology, and guaranteed by Seagate Technology, Seagate Technology HDD Holdings and all of Seagate Technology's other subsidiaries that guarantee its senior secured credit facility, on a full and... (PR Newswire)
Workplace Sabotage: Who's At Risk Apr 14, 2009
I worked for SEAGATE TECHNOLOGY in Scotts Valley California (Santa Cruz ,CA) talk about corporate p.r.o.s.t.i.t.u.t.e.s backstabbing to see who got's to sleep with what boss, when, where, married or otherwise, bi-sexuals, et al., WHEW ... Most of the time it was who slept with Carl Benedict Guerin, usually Leslie, and the new house he bought her, the CAD business he started for her, the new cars 0000267A , and how he got her the contracts with Seagate Technology and collected kickbacks, then... (CBS News -- Early Show)
Seagate nixes dividend, but sales beats estimate Apr 14, 2009
NEW YORK -- Seagate Technology eliminated its dividend to cut costs and the computer storage company expects better-than-expected quarterly revenue fueled by demand for its hard disk drives. In a preliminary report of its third quarter results, the computer storage maker said Monday it expects to post revenue of $2. (EETimes)
Hutchinson Technology loses big customer Apr 4, 2009
Seagate Technology has told HTI that it intends to phase out buying suspension assemblies from Hutchinson over the next 18 to 24 months. For the past three months, 19 percent of HTI s net sales were to Seagate. (Chippewa Falls Chippewa Herald, WI)
HURRICANE! -- The Ultimate Storm Mar 28, 2009
He obtained an Electrical Engineering Technology degree and worked for Seagate Technology, SyDos, and IBM, soon after graduating. After a few years in corporate America, he went into business for himself. (Primezone Releases)
Industry finds ways to move projects forward despite market Mar 16, 2009
The company recently demolished a former Seagate Technology manufacturing facility at 5100 W. 82nd St. It is planning to build a 282-unit apartment complex. Richdale Group officials couldn t be reached for comment. (Twin Cities Business Journal, MN)
Fewer Americans file for jobless benefits Mar 6, 2009
And Seagate Technology, meanwhile, said it is cutting 20 percent of its vice presidents and other top executives on top of previously announced layoffs. "There can be no doubt that employers continue to shed labor at a frightening pace, with no end in sight," Ian Shepherdson, chief U.S. economist at High Frequency Economics, wrote in a client note Wednesday. (MSNBC -- Business)
Seagate to Cut 20 Percent of Its Top Executives Mar 5, 2009
Seagate Technology says it is cutting 20 percent of its vice presidents and other top executives on top of its previously announced layoffs in an effort to cushion the blow of plunging hard-drive sales. The recession has sapped demand for personal computers and servers, which use Seagate's hard drives, and in January Seagate abruptly replaced its chief executive and announced layoffs of 2,950 people, 6 percent of its 53,000 workers. (ABC News -- Wire)
Altera to allow Penang plant run whole product flow Mar 2, 2009
Seagate Technology, meanwhile, does not have any collaboration programmes with local tertiary educational institutions, as the technology in the hard disk drive industry is very specific and advanced. All our technology is leading edge and training is done in-house. (The Star Online, Malaysia -- Business)
High-end R&D work migrating to Penang Mar 2, 2009
Altera Corp, Intel Corp and Seagate Technology are among the MNCs that have invested in fresh Rvities in Penang to develop the next generation 28-nanometre (NM) field programmable gate array (FPGA) chips, 45 NM and 32 NM chips, and a new range of read and write heads for hard disk drives. Altera recently unveiled its new RM100mil centre in Penang, the site of the groups largest offshore Rnical centre. (The Star Online, Malaysia -- Business)
Five Steps for Keeping Data Safe and Secure Feb 28, 2009
These new specifications are important, said Robert Thibadeau, the chair of the Trusted Computing Group Storage Work Group and chief technologist at Seagate Technology, because they "give vendors a blueprint for developing self-encrypting storage devices (such as hard drives) that lock data, can be immediately and completely erased, and can be combined with the Trusted Platform Module ... for safekeeping of security credentials.". And already several vendors, among them Seagate, Hitachi and... (SmallBusinessComputing)
Toshiba to Acquire Fujitsu Unprofitable Computer-storage Drive Business Feb 25, 2009
Tokyo, Feb 25, 2009 (JCN) - Toshiba Corp. will buy Fujitsu Ltd.'s unprofitable computer-storage drive business to help narrow its gap with industry leader Seagate Technology in the US$32. 6 billion market. (JCN Network, Japan)
Big Vendors Agree on Encryption Key Feb 24, 2009
The KMIP protocol will bring enterprise storage on par with end-user storage, for which the storage industry has developed standardized encryption protocols, Michael Willett, senior director for security at storage vendor Seagate Technology (NASDAQ: STX), told InternetNews. com. (eSecurityPlanet)
A Continuing Battle Feb 20, 2009
Yet no one had made a film of it until Stacy Peralta (director of the skateboarding movie "Dogtown and Z-Boys") teamed with former Golden State Warriors player and L.A. native Baron Davis and Bay Area entrepreneur Stephen J. Luczo (chief executive of Seagate Technology) on a project that took a year to plan and a year and a half to shoot and includes unprecedented interviews with gang members, former gang members, victims' mothers and community activists such as former NFL great Jim Brown. The... (San Francisco Chronicle -- Entertainment)
Toshiba Acquires Fujitsu's Hard Drive Business Feb 19, 2009
The purchase will put it on a collision course with established players Seagate Technology (NASDAQ: STX), Western Digital (NYSE: WDC) and Hitachi Global Storage Technologies. One plus for Toshiba is that while it's not a big storage vendor, it already has established business in two hot areas: notebooks and the Apple (NASDAQ: AAPL) iPod. (EnterpriseStorageForum)
