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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

Analyst lowers Western Digital, Seagate targets AP
Oct 01 2008

Portfolio Blogs

Hybrid Hard Drives?
Jun 14 2007

Press Releases

Seagate to Report Fiscal First Quarter Financial Results on October 22, 2008 Oct-10-2008, 02:46PM EDT
Seagate New Digital Broadcast Center Launched On Medialink's Mediaseed Platform Oct-08-2008, 03:01PM EDT
Seagate(R) 500GB Notebook Hard Drives Power New Acer Notebook Computers With World's Highest Capacity and Speed Sep-29-2008, 07:59AM EDT
Seagate Launches i365, A Seagate Company, Unifying Its Services Businesses Under New Operating Structure To Ensure Agility, Speed And Efficiencies In Going To Market Sep-23-2008, 09:00AM EDT
Photos: Seagate Debuts New Storage Solutions to Address Growing Consumer Need to Store, Share and Enjoy Digital Content Sep-15-2008, 12:01AM EDT

News From Around the Web

News

Administrators group sets chapter meeting (Sun Newspapers, Minnesota)

Oct 13 2008
World's Highest Capacity Notebooks (Techtree.com)

Oct 13 2008
Temporary posts to go at Seagate (BBC News)

Oct 13 2008
The Cost of E-Discovery (Byte and Switch)

Oct 11 2008
Seagate to Report Fiscal First Quarter Financial Results on October 22, 2008 (Examiner.com: Anchorage, Alaska)

Oct 10 2008
Seagate to Report Fiscal First Quarter Financial Results on... (MSN Money)

Oct 10 2008
Seagate SSD release date slips into 2009 (TG Daily)

Oct 10 2008
Seagate Moving to Solid-State Enterprise Drives in 2009 (Tom's Hardware)

Oct 10 2008
Seagate is hard at work on SSD endurance (The Tech Report)

Oct 09 2008

Blogs

Seagate to Begin Switch to SSD [Storage] (Gizmodo)

Oct 11 2008
Seagate to Begin Switch to SSD, Put HDD Out to Pasture [Storage] (Gizmodo)

Oct 11 2008
Eying solid-state drives, Seagate tries to quell fears (CNET Gadgets Blog)

Oct 09 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

Glen A. Peterson, Senior VP, Divisional

Todd A. Abbott, Executive VP, Divisional

David Z. Anderson, Vice President, 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

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

D. Kurt Richarz, Executive VP, Divisional

Brian S. Dexheimer, President, Divisional

Board of Directors

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

David Z. Anderson, Vice President, Divisional

Frank J. Biondi, Jr., Director

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

Lydia M. Marshall, Director

Stephen J. Luczo, Chairman of the Board/Director

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

David F. Marquardt, Director

Gregorio Reyes, 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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