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01.23.2007 - Seagate Technology Reports Fiscal Second Quarter 2007 Results



View Seagate-Technology related news. SCOTTS VALLEY, Calif.-January 23, 2007-Seagate Technology (NYSE: STX) today reported revenue of $3.0 billion, GAAP net income of $140 million, and diluted earnings per share of $0.23 for the quarter ended December 29, 2006. Included in the $3.0 billion of revenue is approximately $200 million from legacy Maxtor designed products. Net income and diluted earnings per share includes approximately $76 million of charges directly associated with the Maxtor acquisition and $19 million for the early retirement of the 8% notes. Excluding these charges, non-GAAP net income and diluted earnings per share were $236 million and $0.39.

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NID: 14749 / Submitted by: TACKtech Team
Categories: Press Release
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