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07.15.2008 - Seagate Technology Reports Fiscal Fourth Quarter And Year-End 2008 Results

View Seagate-Technology related news. SCOTTS VALLEY, Calif.-July 15, 2008-Seagate Technology (NYSE: STX) today reported disc drive unit shipments of approximately 43 million, revenue of $2.9 billion, GAAP net income of $160 million, and diluted net income per share of $0.32 for the quarter ended June 27, 2008. GAAP net income and diluted net income per share includes approximately $23 million of purchased intangibles amortization and other charges associated with Seagate’s recent acquisitions. Excluding these items, non-GAAP net income and diluted net income per share were $183 million and $0.37, respectively. Included in both GAAP and non-GAAP results are restructuring charges of approximately $36 million or approximately $0.07 per share.

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NID: 22997 / Submitted by: TACKtech Team
Categories: Press Release
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