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04.21.2009 - Seagate Technology Reports Fiscal Third Quarter 2009 Results

View Seagate-Technology related news. SCOTTS VALLEY, Calif. - April 21, 2009 - Seagate Technology (NASDAQ: STX) today reported results for the quarter ended April 3, 2009 of 38 million disk drive unit shipments, revenue of $2.1 billion, a net loss of $273 million and net loss per share of $0.56. Net loss and net loss per share for the quarter include $18 million of purchased intangibles amortization and other charges associated with acquisitions, and restructuring and related accelerated depreciation charges of $36 million. The aggregate impact of these items is a $54 million loss or approximately $0.11 per share loss. Of the $36 million for restructuring and related accelerated depreciation charges, $11 million was for accelerated depreciation charges recorded in product development expense and $25 million was restructuring and substantially relates to global headcount reductions.

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NID: 27993 / Submitted by: TACKtech Team
Categories: Press Release
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