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Seagate Technology (STX)

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William D. (Bill) Watkins , CEO/Director

www.seagate.com

Industry: Technology

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Overview

The Company designs, manufactures, markets and sells hard disc drives.

Portfolio Articles

Rock Stars of Tech
He’s Mark Zuckerberg’s coach, Bill Gates’ editor, Bono’s business partner, and an owner of Forbes. But Roger McNamee—the guitar-strumming soul of one of the quirkiest private equity shops in Silicon Valley—stillhasn’t found what he’s looking for.

Dec 16 2007
Follow the Bouncing Market
Bulls drive up stocks nearly 2 percent, almost matching yesterday's fall.
Aug 29 2007

See more news on this company

News Feeds

SanDisk shares drop as takeover rumors discounted AP
Aug 18 2008

Portfolio Blogs

Hybrid Hard Drives?
Jun 14 2007

Press Releases

Adaptec Intelligent Power Management Reduces Storage Power Consumption Up to 70 Per Cent Sep-03-2008, 05:34AM EDT
Adaptec Intelligent Power Management Reduces Storage Power Consumption Up to 70 Percent Sep-03-2008, 03:00AM EDT
Seagate to Participate in Upcoming Investor Conference Aug-28-2008, 07:59AM EDT
Seagate Technology Announces Move to Nasdaq Stock Market Aug-27-2008, 04:01PM EDT
MetaLINCS Introduces E-Discovery First Pass Processing(TM) Now Available as an Appliance and Managed Service Aug-25-2008, 08:00AM EDT

News From Around the Web

News

The Linkup Online Backup Goes Belly Up -- Lessons? (Information Week)

Sep 06 2008
Seagate's huge hard drive performs well (Computerworld)

Sep 06 2008
New flash hard drive competes with notebook drives (Computerworld)

Sep 06 2008
External drive eases backing up (Computerworld)

Sep 06 2008
Review: Seagate Pushbutton Backup USB External Hard Drive (Computerworld)

Sep 06 2008
Market Report -- Short Stories (MRVL) (MSN Money)

Sep 05 2008
Samsung mulls SanDisk bid (Pc Pro)

Sep 05 2008
Latest 7,200rpm Notebook HDDs benchmarked (SlashGear)

Sep 04 2008
Adaptec Intelligent Power Management Reduces Storage Power Consumption Up to 70 Percent (Examiner)

Sep 03 2008
Seagate Buys Backup Services Co. EVault for $185M (CIO Magazine)

Sep 02 2008

Blogs

Seagate Tries Selling Drives on TV [Voices] (All Things Digital)

Sep 04 2008
Acquisitions Coming From Seagate? (Sramana Mitra on Strategy)

Aug 19 2008

Employees

Number of Employees: 54,000

Revenue per Employee: $227,352

Top Executives

Kenneth M. Massaroni, General Counsel/Secretary/Senior VP

David A. Wickersham, President/COO

David Z. Anderson, Vice President, Divisional

Glen A. Peterson, Senior VP, Divisional

Todd A. Abbott, Executive VP, Divisional

Robert Whitmore, Chief Technology Officer/Executive VP, Divisional

Patrick J. O'Malley, Treasurer/Chief Accounting Officer/Executive VP/CFO

Charles C. Pope, Executive VP, Divisional

Jaroslaw S. Glembocki, Divisional Senior VP

W. David Mosley, Senior VP, Divisional

D. Kurt Richarz, Executive VP, Divisional

William L. Hudson, Executive VP/Secretary/General Counsel

Brian S. Dexheimer, President, Divisional

Board of Directors

Kenneth M. Massaroni, General Counsel/Secretary/Senior VP

William L. Hudson, Executive VP/Secretary/General Counsel

Frank J. Biondi, Jr., Director

David Z. Anderson, Vice President, Divisional

Lydia M. Marshall, Director

Patrick J. O'Malley, Treasurer/Chief Accounting Officer/Executive VP/CFO

Stephen J. Luczo, Chairman of the Board/Director

Gregorio Reyes, Director

David F. Marquardt, Director

John W. Thompson, Director

Donald E. Kiernan, Director

Senator William W. Bradley, Director

Financials

Quarterly

Annual

Income Statement	07/2008	04/2008	01/2008	10/2007
Sales	2.01 Bil.	2.09 Bil.	2.33 Bil.	2.28 Bil.
Gross Operating Profit	891 Mil.	1.01 Bil.	1.09 Bil.	1 Bil.
Operating Income before D & A (EBITDA)	446 Mil.	594 Mil.	829 Mil.	606 Mil.
Total Income Before Interest Expenses (EBIT)	212 Mil.	379 Mil.	624 Mil.	407 Mil.
Total Net Income	160 Mil.	344 Mil.	403 Mil.	355 Mil.
Basic EPS, Total	0.33	0.68	0.77	0.67
Diluted EPS, Total	0.32	0.65	0.73	0.64

BALANCE STATEMENT	07/2008	04/2008	01/2008	10/2007
Cash and Equivalents	990 Mil.	1.14 Bil.	1.43 Bil.	1.26 Bil.
Total Assets	4.27 Bil.	4.61 Bil.	4.86 Bil.	4.35 Bil.
Total Liabilities	3.29 Bil.	3.45 Bil.	3.19 Bil.	2.86 Bil.
Total Capitalization	4.59 Bil.	6.35 Bil.	6.82 Bil.	6.61 Bil.

Cash Flow	07/2008	04/2008	01/2008	10/2007
Net Cash From Continuing Operations	2.54 Bil.	2.14 Bil.	1.48 Bil.	754 Mil.
Net Cash From Investing Activities	-991 Mil.	-685 Mil.	-560 Mil.	-238 Mil.
Net Cash From Financing Activities	-1.54 Bil.	-1.3 Bil.	-473 Mil.	-241 Mil.
Net Change in Cash & Cash Equivalents	2 Mil.	155 Mil.	445 Mil.	275 Mil.

Income Statement	2008	2007	2006	2005
Sales	8.71 Bil.	8.37 Bil.	6.46 Bil.	5.41 Bil.
Gross Operating Profit	4 Bil.	2.99 Bil.	2.74 Bil.	2.14 Bil.
Operating Income before D & A (EBITDA)	2.31 Bil.	1.49 Bil.	1.49 Bil.	1.19 Bil.
Total Income Before Interest Expenses (EBIT)	1.46 Bil.	702 Mil.	965 Mil.	780 Mil.
Total Net Income	1.26 Bil.	913 Mil.	840 Mil.	707 Mil.
Basic EPS, Total	2.46	1.64	1.7	1.51
Diluted EPS, Total	2.36	1.56	1.6	1.41

BALANCE STATEMENT	2008	2007	2006	2005
Cash and Equivalents	990 Mil.	988 Mil.	910 Mil.	746 Mil.
Total Assets	4.27 Bil.	3.8 Bil.	4.33 Bil.	3.5 Bil.
Total Liabilities	3.29 Bil.	2.65 Bil.	3.34 Bil.	1.78 Bil.
Total Capitalization	4.59 Bil.	6.47 Bil.	5.85 Bil.	3.28 Bil.

Cash Flow	2008	2007	2006	2005
Net Cash From Continuing Operations	2.54 Bil.	943 Mil.	1.46 Bil.	1.43 Bil.
Net Cash From Investing Activities	-991 Mil.	-402 Mil.	-561 Mil.	-1.07 Bil.
Net Cash From Financing Activities	-1.54 Bil.	-463 Mil.	-732 Mil.	-35 Mil.
Net Change in Cash & Cash Equivalents	2 Mil.	78 Mil.	164 Mil.	324 Mil.

Seagate Technology (STX)

Company Information

Overview

Employees

Top Executives

Board of Directors

Financials

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