Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

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To: tom pope who wrote (1716)	4/12/2000 4:55:00 PM
From: Starlight	Read Replies (1) of 1989

Seagate's Lower Profits Beat Estimates PALO ALTO, Calif. (Reuters) - Seagate Technology Inc., the world's biggest maker of computer-disk drives, on Wednesday reported lower third-quarter operating profits that topped expectations despite a 13-percent drop in sales. For the period ended March 31, Seagate's (NYSE:SEG - news) net income before one-time item fell to $46 million, or 20 cents a share, from per-share earnings of 49 cents, in the year-ago period. The company didn't give an absolute dollar amount for year-ago profits. Sales fell to $1.57 billion from $1.81 billion. On that basis, the results topped analyst forecasts of 15 cents a share, according to First Call/Thomson Financial. dailynews.yahoo.com

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