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Seagate

Seagate to Acquire LSI's Flash Businesses From Avago

Seagate Technology plc (NASDAQ: STX), a world leader in storage solutions, and Avago Technologies Limited (NASDAQ: AVGO), a leading semiconductor device supplier to the enterprise storage, wired, wireless and industrial end markets, today announced that they have entered into a definitive asset purchase agreement under which Seagate will acquire the assets of LSI’s Accelerated Solutions Division (“ASD”) and Flash Components Division (“FCD”) from Avago for $450 million in cash.

Seagate Ships World's Fastest 6TB Drive for Scale-out, Cloud-based Data Centers

Seagate Technology plc (NASDAQ:STX), a world leader in storage solutions, today announced it is now shipping the world’s fastest 6TB hard disk drive (HDD) — the Seagate® Enterprise Capacity 3.5 HDD v4. Boasting industry-leading performance, the Enterprise Capacity 3.5 HDD v4 is an important step forward in scale-out data infrastructures delivering supersize storage and enterprise reliability to meet the explosive growth of corporate and cloud-based data centers.

Seagate Completes Acquisition of Xyratex

Seagate Technology plc (NASDAQ: STX), a world leader in storage solutions, today announced it has completed its previously announced acquisition of Xyratex Ltd (NASDAQ: XRTX), a leading provider of data storage technology.

Jamie Lerner to Join Seagate as President of Cloud Systems and Solutions

Seagate (NASDAQ: STX) today announced that Jamie Lerner will join the company as President, Cloud Systems and Solutions. Lerner most recently held the position of Senior Vice President and General Manager of the Cloud and Systems Management Technology Group at Cisco Systems.

Seagate Targets Video Analytics Applications With Seventh-Generation Surveillance Hard Disk Drive

Seagate Technology plc (NASDAQ:STX), a world leader in storage solutions, today took the wraps off its seventh-generation hard drive disk (HDD) engineered specifically for surveillance and video analytics applications— the Seagate® Surveillance HDD. The Surveillance HDD is a world-class HDD purpose-built for storing and accessing video analytics, improving data integrity and keeping systems in the field longer.

Seagate Technology Reports Fiscal Second Quarter 2014 Financial Results

Seagate Technology plc (NASDAQ: STX) (the “Company” or “Seagate”) today reported financial results for the second quarter of fiscal year 2014 ended December 27, 2013. During the second quarter, the Company reported revenue of $3.53 billion, gross margin of 28.0%, net income of $428 million and diluted earnings per share of $1.24. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported gross margin of 28.5%, net income of $455 million and diluted earnings per share of $1.32.

Seagate Ultra Mobile to Power Lenovo Yoga 2 PC

Seagate Technology plc (NASDAQ: STX), a worldwide leader in storage solutions, today announced that it is working with Lenovo, the world’s largest PC maker, to deliver YOGA 2, a new multimode PC powered by the Seagate® Laptop Ultrathin HDD.

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