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10.16.2007 - Seagate Technology Reports Fiscal First Quarter 2008 Results

View Seagate-Technology related news. SAN JOSE, Calif.-October 16, 2007- Seagate Technology (NYSE: STX) today reported disc drive unit shipments of 47 million, revenue of $3.3 billion, GAAP net income of $355 million, and diluted net income per share of $0.64 for the quarter ended September 28, 2007. GAAP net income and diluted net income per share includes approximately $30 million of purchased intangibles amortization and other charges associated with the Maxtor and EVault acquisitions. Excluding these charges, non-GAAP net income and diluted net income per share were $385 million and $0.69. Included in both GAAP and non-GAAP results are restructuring charges of approximately $5 million or approximately $0.01 per share.

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NID: 18594 / Submitted by: TACKtech Team
Categories: Press Release
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