Storage Technology

Seagate Technology, Inc.

The Company

Based upon units shipped, Seagate Technology <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: SEG)") else Response.Write("(NYSE: SEG)") end if %> accounted for 27% of the disk drive market in 1996. Seagate designs, manufactures and markets the broadest line of rigid magnetic disk drives for use in computer systems ranging from notebook computers and desktop personal computers to workstations and supercomputers. The company's products include rigid disk drive models with form factors from 2.5 to 5.25 inches and capacities from 540 megabytes to 9 gigabytes. The company sells its products to original equipment manufacturers (OEMs) for inclusion in their computer systems or subsystems, as well as to distributors, resellers and dealers.

Latest Financials

Seagate Technology earned $256.7 million, or $1.01 a share, in its most recent quarter. A year ago, Seagate had a loss of $157.4 million, or 78 cents a share, including charges related to the acquisition of Conner Peripherals. In the most recent quarter, Seagate took pretax charges of $24.3 million. Without the charges, earnings would have been $1.07 a share. Analysts had expected earnings of 94 cents a share.  (Go to next snapshot.)

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