BNET Industries

Market Cap:$7.5B
Last Fiscal Year Sales:$12.7B
- Public
- US
Dow Jones Description
Seagate, who recently acquired EVault-one of the fastest growing technology companies in the United States-is the worldwide leader in the design, manufacture and marketing of hard disc drives, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. Seagate?s business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, and to be the low cost producer in all markets in which it participates. The company is committed to providing award-winning products, customer support and reliability to meet the world?s growing demand for information storage.
Number of Employees 54,000
Peer Companies
NAICS Code Magnetic and Optical Recording Media Manufacturing: 334613
Recent Events
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Silicon Valley stocks: Nasdaq falls, but AMD, Fortinet surge
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Analyst Downgrades for November 18th
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i365, A Seagate Company, Collaborates on Multi-Platform,
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UPDATE 3-LSI results and outlook top Street, shares rise
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Seagate DockStar Creates a Personal Data Cloud
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Storage roundup: Mimosa, NetApp combine for Exchange archiving
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i365 Launches New Small Business Version of EVault Plug-n-Protect Appliance at Storage Expo UK
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# OpenTV to Demo External PVR Storage Solution at IBC
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Western Digital Q1 Profit Jumps 36%
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Hapoalim Securities Initiates Coverage on Seagate Technology STX with a Buy; Attractive Valuation
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Ameriprise Financial Initiates Coverage on Seagate Technology STX
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Seagate Creates a Personal Cloud
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Amazon: Analysts' Upgrades, Downgrades
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STOCKS NEWS US-Deutsche Bank upgrades Seagate to 'buy'
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STOCKS NEWS US-Crude oil edges lower on demand concerns
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UPDATE 1-RESEARCH ALERT-Deutsche Bank raises Seagate to buy
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Dow Breaks 9,900 After Fed Statement
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BRIEF-RESEARCH ALERT-Deutsche Bank raises Seagate Technology to buy
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3 Stocks With Rising Profit Estimates
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Seagate ships self-encrypting drives for enterprises
News & Analysis
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hardware and seagate technology llc - All News and Analysis
Solid Execution Makes Western Digital a Compelling Stock
Naveen Selvaraj submits: Western Digital WDC can easily rank among the best managed large-cap tech companies today. For the first quarter of the company's fiscal 2010, it reported YOY revenue growth of 4.6% to $2.2 B and operating income grew 36% YOY to $319 M. WDC Reported A YOY Revenue...
Western Digital: Better Inventory Management Helps It Pull Ahead of Seagate
Naveen Selvaraj submits: Western Digitial WDC reported better than expected results yesterday with a 21% sequential revenue growth to $1.9B and a more than threefold increase in operating income to $209M ($61M in Mar09 qtr). by Naveen Selvaraj
Seagate Technology F4Q09 (Qtr End 06/27/09) Earnings Call Transcript
Seagate Technology STX F4Q09 Earnings Call July 21, 2009 5:00 pm ET
Seagate and WDC: Turning Bullish on Disk Drives
Eric Savitz (Barron's) submits: Merrill Lynch analyst Scott Craig turned bullish on the disk-drive industry Monday morning, raising his ratings on both Western Digital WDC and Seagate STX to Buy from Underperform. His WDC price target jumps to $35, from $19; for STX, his new target is $14, up...
Seagate Raises Q4 Revenue, Gross Margin Guidance
Eric Savitz (Barron's) submits: Seagate STX Thursday afternoon increased its guidance for its fiscal fourth quarter ending July 3. The disk-drive maker now sees revenue of $2.2 billion to $2.3 billion, ahead of previous guidance of $1.9 billion to $2.2 billion, and the Street consensus at $2.1...
Seagate Turnaround Plan Is Already Succeeding
Seagate STX CEO Steve Luco's 2 million turnaround plan is already bearing fruit. Higher volume sales and cost controls has helped the disk drive maker earn at least 7% gross margins for the quarter, better than earlier estimates, according to the company's management. Cash increased $200 million to...
Struggles at Seagate, SanDisk
Sramana Mitra submits: Seagate and Sandisk, both storage solutions companies, are having a hard time in this economic environment. Both are leaders in their markets, but need massive restructurings to stay afloat. On January 21, Seagate Technology (NASDAQ: STX), the leader in hard disk drives and storage solutions...
Four Questions for the Seagate Board
Sunil Shah submits: Subject: Severance Pay for Mr. Watkins. by Sunil Shah
Seagate Crashes
Eric Savitz (Barron's) submits: Seagate STX Wednesday afternoon reported revenue for its fiscal second quarter ended January 2 of $2.3 billion, at the bottom end of the company’s forecast range of $2.3 billion to $2.6 billion. Seagate also posted a loss for the quarter of $496 million, or $1.02...
Seagate's Ex-CEO Bill Watkins: Too Blunt For His Own Good?
Seagate Technology, the world’s leading disk drive maker, shocked the markets yesterday by announcing the immediate departure of CEO Bill Watkins and president and COO David Wickersham. Chairman and former CEO Stephen Luczo has assumed the president and CEO functions. What made this announcement so unexpected was...
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