News
 

Bookmark and Share

(0) 

Seagate Technology, the largest supplier of hard disk drives (HDDs) on the planet, said during a quarterly conference call with financial analysts that solid-state drives (SSDs) are indeed crucially important for its roadmaps. Earlier the company tried to stress advantages of HDDs over SSDs and was pretty skeptic about flash-based storage.

“We are set to deliver our first SSD product into enterprise applications later this calendar year. SSDs and solid-state technology are essential to our long-term product roadmaps, and we will maintain our investment levels to deliver leading technology as required by our current and future customers,” said Robert Whitmore, chief operating officer of Seagate, during the conference call.

Seagate recently switched chief operating officer William Watkins to Stephen J. Luczo after Mr. Watkins failed to ensure strong positions of Seagate on the market of hard drives for mobile and portable applications, but also failed to start offering SSDs in the enterprise market segment at the dawn of solid-state drives on the mass market. With the step-down of Mr. Watkins, Seagate seems to have changed its stance on flash-based storage.

Seagate Technology also reported preliminary results for the second quarter of its fiscal 2009 ended January 2, 2009. According to the company, it shipped 37 million disk drive units and had revenue of $2.3 billion, a net loss of $496 million, and net loss per share of $1.02 for the quarter.

Net loss and net loss per share for the quarter include $18 million of purchased intangibles amortization and other charges associated with acquisitions, restructuring and related accelerated depreciation charges of $94 million, and a charge of $271 million that reflects an unfavorable adjustment to the valuation allowance related to the company’s deferred tax assets. The aggregate impact of these items is a $383 million loss or approximately $0.79 per share loss. Of the $94 million restructuring and related charges, $16 million was for accelerated depreciation charges recorded in cost of revenue ($2 million) and product development expense ($14 million) with the majority of the balance related to the recently disclosed global headcount reduction.

Tags: Seagate, SSD

Discussion

Comments currently: 0

Add your Comment




Related news

Latest News

Monday, April 14, 2014

8:23 am | Microsoft Vows to Release Xbox 360 Emulator for Xbox One. Microsoft Xbox One May Gain Compatibility with Xbox 360 Games

Tuesday, April 1, 2014

10:39 am | Microsoft Reveals Kinect for Windows v2 Hardware. Launch of New Kinect for Windows Approaches

Tuesday, March 25, 2014

1:57 pm | Facebook to Acquire Virtual Reality Pioneer, Oculus VR. Facebook Considers Virtual Reality as Next-Gen Social Platform

1:35 pm | Intel Acquires Maker of Wearable Computing Devices. Basis Science Becomes Fully-Owned Subsidiary of Intel

Monday, March 24, 2014

10:53 pm | Global UHD TV Shipments Total 1.6 Million Units in 2013 – Analysts. China Ahead of the Whole World with 4K TV Adoption

10:40 pm | Crytek to Adopt AMD Mantle Mantle API for CryEngine. Leading Game Developer Adopts AMD Mantle

9:08 pm | Microsoft Unleashes DirectX 12: One API for PCs, Mobile Gadgets and Xbox One. Microsoft Promises Increased Performance, New Features with DirectX 12

3:33 pm | PowerVR Wizard: Imagination Reveals World’s First Ray-Tracing GPU IP for Mobile Devices. Imagination Technologies Brings Ray-Tracing, Hybrid Rendering Modes to Smartphones and Tablets

2:00 pm | Nokia Now Expects to Close Deal with Microsoft in Q2. Sale of Nokia’s Division to Close Next Month