Seagate has just presented its financial results for its third quarter fiscal 2011 ended April 1 last. Thus, the manufacturer has registered during the quarter net earnings fell sharply from 81% to 93 million (or $ 0.21 per share) against $ 518 million last year ($ 1 per share) . Revenues reach for their $ 2.7 billion, just above forecasts of analysts (2.66 billion dollars), against $ 3.05 billion a year earlier.
In terms of volumes, Seagate has sold 49 million drives during the quarter. Recall that Seagate and Samsung have announced an alliance, the first absorbing activity of producing disk drives of the second. This should, however, cost 1.375 billion dollars to Seagate, half in "cash." 
In terms of volumes, Seagate has sold 49 million drives during the quarter. Recall that Seagate and Samsung have announced an alliance, the first absorbing activity of producing disk drives of the second. This should, however, cost 1.375 billion dollars to Seagate, half in "cash."
- Samsung Electronics Sold to Seagate for $1.4 Billion (19/04/2011)
- Samsung HD Unit Bought By Seagate (19/04/2011)
- Seagate to Buy Samsung Disk-Drive Unit (19/04/2011)
- Seagate net off; Samsung to take 9.6% stake (19/04/2011)
- imabonehead: Seagate to acquire Samsung's hard drive operations for $1.37 billion " Breaking News | Wire Update News | News Wires - (19/04/2011)
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