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Seagate Technology PLC (STX.O)

STX.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Seagate Technology appointed William Mosley as COO
Monday, 27 Jun 2016 04:07pm EDT 

Seagate Technology Plc :Appointed William Mosley to position of president and chief operating officer.  Full Article

Scam artists hit Seagate Technology PLC - CNBC - Reuters News
Sunday, 6 Mar 2016 11:30pm EST 

Seagate Technology PLC:A phishing email scam has forced data storage firm Seagate Technology to disclose private employee information. - CNBC.Tax information, including Social Security numbers and salaries, for all current and former U.S.-based employees was sent to an unauthorized third party last week, the Cupertino-based company told CNBC in an e-mailed statement."The information was sent by an employee who believed the phishing email was a legitimate internal company request...At this point, we have no information to suggest that employee data has been misused, but caution and vigilance are in order.".Seagate added that it had immediately notified the Internal Revenue Service (IRS), which is now actively investigating it along with federal law enforcement.Seagate also provided affected employees with a two-year membership to an identity theft protection service developed by Experian.Seagate said the IRS had immediately put a watch for fraudulent filings on all of the company's employees' accounts.  Full Article

Seagate Technology PLC appoints Chief Financial Officer
Wednesday, 21 Oct 2015 04:05pm EDT 

Seagate Technology PLC:Says David H. Morton, Jr has been promoted to executive vice president and chief financial officer. Patrick O'Malley, Seagate's current chief financial officer, will remain with the company as executive vice president.Both appointments are effective immediately and report to Seagate's chairman and chief executive officer, Steve Luczo.  Full Article

Seagate Technology PLC gives Q1 2016 revenue guidance
Thursday, 15 Oct 2015 08:00am EDT 

Seagate Technology PLC:Expects to report revenue of about $2.9 billion for Q1 2016.Says these preliminary results compare to the company's previously forecasted range for Q1 2016 of revenue of $2.9 billion to $3.1 billion.  Full Article

Seagate Technology PLC to cut 1,050 jobs worldwide - Reuters
Wednesday, 9 Sep 2015 08:00pm EDT 

Seagate Technology PLC:Seagate Technology Plc said it planned to cut 1,050 jobs, or 2 percent of its workforce, as part of a restructuring program - Reuters.The company said on Thursday it expected to save about $113 million annually from the restructuring and incur pretax charges of about $53 million - Reuters.  Full Article

Seagate Technology PLC to acquire Dot Hill Systems Corp
Tuesday, 18 Aug 2015 06:00pm EDT 

Seagate Technology PLC:Says all-cash transaction valued at $9.75 per share.Deal for about $694 million.Says the transaction reflects an enterprise value of about $645 million.Says expect the transaction to be accretive to non-GAAP earnings in fiscal 2016.Says transaction has been unanimously approved by Dot hill's board of directors.Expects to finance the transaction from existing cash balances and the transaction is not subject to any financing conditions.Says Perella Weinberg Partners served as financial advisor to Seagate in connection with the transaction.After completion of tender offer, co will acquire all remaining shares not tendered in tender offer through a second-step merger.Ays unit of Seagate will commence a tender offer for all of the outstanding shares of Dot Hill.  Full Article

Seagate Technology PLC declares dividend
Friday, 31 Jul 2015 08:00am EDT 

Seagate Technology PLC:Approves a quarterly cash dividend of $0.54 per share, which will be payable on Aug. 25 to shareholders of record as of the close of business on Aug. 11.  Full Article

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BRIEF-Seagate Technology plc's unit issues principal amounts of Senior Notes due 2022 and 2024

* On Feb 3, 2017, Seagate HDD Cayman $750 million in aggregate principal amount of 4.250% Senior Notes due 2022 - SEC filing