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Seagate Technology PLC (STX.OQ)

STX.OQ on NASDAQ Stock Exchange Global Select Market

59.90USD
19 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Seagate Technology Sees Q2 Revenue About $2.9 Bln
Tuesday, 9 Jan 2018 

Jan 8 (Reuters) - Seagate Technology Plc ::SEES Q2 GAAP AND NON-GAAP GROSS MARGIN OF ABOUT 30 PERCENT.SEAGATE SEES Q2 EXABYTE SHIPMENTS OF APPROXIMATELY 88 EXABYTES.SEAGATE TECHNOLOGY ANNOUNCES PRELIMINARY FINANCIAL INFORMATION FOR FISCAL SECOND QUARTER 2018 AND COMPLETION OF LONG-TERM NAND SUPPLY AGREEMENT WITH TOSHIBA MEMORY CORPORATION.SEES Q2 2018 REVENUE ABOUT $2.9 BILLION.SEAGATE - GAAP AND NON-GAAP OPERATING. EXPENSES FOR DEC. QUARTER EXPECTED TO BE ABOUT $444 MILLION AND $390 MILLION RESPECTIVELY.Q2 REVENUE VIEW $2.74 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Seagate Technology - Intends To Reduce Global Headcount By About 500 Employees
Tuesday, 12 Dec 2017 

Dec 11 (Reuters) - Seagate Technology Plc ::SEAGATE TECHNOLOGY PLC - INTENDS TO REDUCE ITS GLOBAL HEADCOUNT BY APPROXIMATELY 500 EMPLOYEES.SEAGATE TECHNOLOGY PLC - EXPECTS GLOBAL HEADCOUNT REDUCTION TO BE SUBSTANTIALLY COMPLETED BY END OF FISCAL YEAR 2018 - SEC FILING.SEAGATE TECHNOLOGY PLC - EXPECTS GLOBAL HEADCOUNT REDUCTION TO RESULT IN TOTAL PRE-TAX CHARGES OF APPROXIMATELY $50 MILLION IN FISCAL YEAR 2018.SEAGATE TECHNOLOGY - SAVINGS GENERATED FROM HEADCOUNT REDUCTION WILL REPRESENT ABOUT $65 MILLION IN SAVINGS ON AN ANNUAL RUN-RATE BASIS.SEAGATE TECHNOLOGY PLC - SAVINGS GENERATED FROM HEADCOUNT REDUCTION EXPECTED TO BE RECOGNIZED BEGINNING IN MARCH 2018 QUARTER.  Full Article

Seagate Technology Q4 earnings per share $0.23
Tuesday, 2 Aug 2016 

Seagate Technology Plc : Q4 earnings per share $0.23 . Seagate technology reports fiscal fourth quarter and fiscal year 2016 financial results . Q4 revenue $2.7 billion .Q4 earnings per share view $0.60, revenue view $2.64 billion -- Thomson Reuters I/B/E/S.  Full Article

Seagate Technology to cut 1,600 jobs in restructuring plan
Thursday, 30 Jun 2016 

Seagate Technology Plc : Announced restructuring plan to reduce co's global headcount by approximately 1,600 employees or 3% of its global headcount . Company expects restructuring plan to essentially be completed by the end of the September 2016 quarter . On June 27, seagate technology plc committed to restructuring 'plan as part of co's previously announced efforts to reduce its cost structure . Savings generated from the restructuring activities will represent approximately $100 million in savings on an annual run rate basis . Restructuring is expected to result in total pretax charges of $62 million recorded primarily in fiscal fourth quarter of 2016 .Charges to consist primarily of employee termination costs generating cash outlays in september 2016 quarter.  Full Article

Seagate Technology appointed William Mosley as COO
Tuesday, 28 Jun 2016 

Seagate Technology Plc :Appointed William Mosley to position of president and chief operating officer.  Full Article

BRIEF-RackTop Systems and Seagate Form Strategic Partnership to Help Governments

* RACKTOP SYSTEMS - ANNOUNCED STRATEGIC PARTNERSHIP WITH SEAGATE TECHNOLOGY WITH IMMEDIATE AVAILABILITY OF JOINT PRODUCT, SECURE DATA PROTECTION PLATFORM Source text for Eikon: Further company coverage: