Ecellent earning report from SEG should help all the HDDs tomorrow. WDC is up over 1 during afterhours trading.
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Tuesday January 12, 4:20 pm Eastern Time
Seagate Q2 results
First Call Q2 1998 mean estimate was $0.26 a share.
SCOTTS VALLEY, Calif., Jan. 12 (Reuters) -
SEAGATE TECHNOLOGY, INC.
FINANCIAL HIGHLIGHTS
(In Millions Except Per Share and Percent Data)
Three Months Ended Six Months Ended
Jan 1, Jan 2, Jan 1, Jan 2,
1999 1998 1999 1998
Income Statement
Revenue $ 1,801 $ 1,673 $ 3,354 $ 3,569
Gross profit 428 191 749 487
As a percent
of revenue 23.8% 11.4% 22.3% 13.6%
Income (loss) before
income taxes 145 (283) 124 (533)
Provision (benefit)
for income taxes 41 (100) 50 (110)
Net income loss:
Amount 104 (183) 74 (423)
As a percent
of revenue 5.8% (10.9%) 2.2% (11.9%)
Net income loss
per share:
Basic 0.43 (0.75) 0.30 (1.74)
Diluted 0.42 (0.75) 0.30 (1.74)
Number of shares
used in per share
computations:
Basic 244.9 243.1 245.0 243.8
Diluted 250.4 243.1 249.1 243.8
NOTE: Excluding charges, the pro forma net loss per share
for the quarter ended January 2, 1998 would have been $0.08.
More Quotes and News:
Seagate Technology Inc (NYSE:SEG - news)
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