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To: NOW who wrote (113192)	7/18/2001 12:52:34 AM
From: ild	Respond to of 436258

interactive.wsj.com July 18, 2001 Seagate Technology Records Loss, Citing Weak Demand Seagate Technology LLC, the big disk-drive maker taken private late last year by an investor group, posted a net loss for its fiscal fourth quarter as revenue fell more than 14% from a year earlier. Seagate, (www.seagate.com) which also makes tape drives and other computer-storage products, posted a net loss of $1 million for the period ended June 29, compared with net income of $231 million a year earlier when the company was public. Excluding exceptional charges and accounting adjustments related to going private, profit was $18 million, compared with $52 million a year earlier. Thomson Financial/First Call said a consensus estimate wasn't available because Seagate as a private company is no longer covered by analysts. Revenue fell to $1.33 billion from $1.55 billion a year earlier because of weak demand from companies that make personal computers and servers. Chief Executive Steve Luczo said demand fell about 25% from six months ago. Seagate, Scotts Valley, Calif., was taken private when a group led by Silver Lake Partners, a Menlo Park, Calif., investment firm, acquired most of its operating businesses.