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Seagate Technology Public Limited Company Message Board

  • bluecheese4u bluecheese4u Apr 15, 2008 4:49 PM Flag

    Seagate Technology Reports Fiscal Third Quarter 2008 Results

    Seagate Technology Reports Fiscal Third Quarter 2008 Results
    Tuesday April 15, 4:01 pm ET
    - Quarterly revenue grows 10% year-over-year
    - Quarterly net income increases 62% year-over-year
    - Ships approximately 43 million units for the quarter, up 8% year-over-year


    SCOTTS VALLEY, Calif., April 15 /PRNewswire-FirstCall/ -- Seagate Technology (NYSE: STX - News) today reported disc drive unit shipments of approximately 43 million, revenue of $3.1 billion, GAAP net income of $344 million, and diluted net income per share of $0.65 for the quarter ended March 28, 2008. GAAP net income and diluted net income per share includes approximately $29 million of purchased intangibles amortization and other charges associated with Seagate's recent acquisitions and also a net gain from asset sales of approximately $4 million. Excluding these items, non-GAAP net income and diluted net income per share were $369 million and $0.70, respectively. Included in both GAAP and non-GAAP results are restructuring and other charges of approximately $20 million or approximately $0.04 per share.


    For the nine months ended March 28, 2008, Seagate reported revenue of $9.8 billion, GAAP net income of $1.1 billion, and diluted net income per share of $2.02. GAAP net income and diluted net income per share includes approximately $90 million of purchased intangibles amortization and other charges associated with Seagate's recent acquisitions and also a net gain from asset sales of approximately $19 million. Excluding these items, non-GAAP net income and diluted net income per share were $1.2 billion and $2.15, respectively. Included in both GAAP and

    http://biz.yahoo.com/prnews/080415/aqtu553.html?.v=1

 
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