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Seagate Technology PLC (STX.O)

STX.O on Nasdaq

32.18USD
19 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Seagate, Tencent establish strategic partner relationship
4:00am EDT 

Sept 19 (Reuters) - Seagate Technology Plc - :Seagate and Tencent establish strategic partner relationship and commence all-round cooperation.Seagate Technology - Tencent will regard co as key supplier of storage solutions, Co will treat Tencent as strategic partner.Seagate Technology - Signed a strategic partnership Memorandum of Understanding (MOU) for cooperation in field of information technology.  Full Article

Seagate, Baidu sign strategic cooperation agreement
Monday, 18 Sep 2017 04:00am EDT 

Sept 18 (Reuters) - Seagate Technology Plc :Seagate and Baidu sign strategic cooperation agreement for big data analysis and advanced storage implementation.Pact renews an existing agreement between two firms signed in September 2014.  Full Article

ValueAct Capital Master Fund says on Aug 31, entered into a stock purchase agreement with Morgan Stanley related to Seagate Technology ‍
Friday, 1 Sep 2017 05:15pm EDT 

Sept 1 (Reuters) - Seagate Technology Plc :ValueAct Capital Master Fund says on Aug 31, entered into a stock purchase agreement with Morgan Stanley related to Seagate Technology ‍.ValueAct Capital Master Fund says pursuant to agreement Morgan Stanley will buy, for the account of ValueAct, up to 6 million shares of Seagate Technology's common stock.ValueAct Capital Master Fund says purchases of the stock under the 10b5-1 plan can commence as early as Sept 1, 2017 and will terminate no later than Oct 31, 2017.  Full Article

Valueact Capital Master Fund reports 7.2 percent stake in Seagate Technology ‍​
Friday, 11 Aug 2017 06:38am EDT 

Aug 11 (Reuters) - Seagate Technology Plc :Valueact Capital Master Fund L.P reports 7.2 percent stake in Seagate Technology PLC as of July 31, 2017‍​.Valueact Capital says acquired securities of Seagate Technology based on belief that the securities were undervalued.  Full Article

Seagate Technology Plc says company committed to an additional restructuring plan to reduce its cost structure
Tuesday, 25 Jul 2017 08:32am EDT 

July 25 (Reuters) - Seagate Technology Plc ::Seagate Technology Plc - on July 25, 2017, company committed to an additional restructuring plan to reduce its cost structure.Seagate Technology Plc says pursuant to restructuring plan, company intends to reduce its global headcount by approximately 600 employees .Seagate Technology Plc says savings generated from restructuring plan are expected to be recognized beginning in Q1 of fiscal year 2018.Seagate Technology Plc - savings generated from plan will represent approximately $90 million in savings on an annual run rate basis.Seagate Technology - reduction in global headcount is expected to result in total pre-tax charges of approximately $50 million, primarily in Q1 of FY 2018.Majority of the pre-tax charges charges will be comprised of cash expenditures on severance and employee-related costs.  Full Article

Seagate Technology Q4 revenue $2.4 billion
Tuesday, 25 Jul 2017 08:01am EDT 

July 25 (Reuters) - Seagate Technology Plc ::Seagate Technology reports fiscal fourth quarter and fiscal year 2017 financial results.Q4 earnings per share $0.38.Q4 revenue $2.4 billion.Q4 earnings per share view $0.98, revenue view $2.56 billion -- Thomson Reuters I/B/E/S.Seagate Technology Plc qtrly non-gaap earnings per share $0.65.During Q4, company generated $243 million in cash flow from operations.  Full Article

Seagate Technology appoints Dave Mosley as CEO effective October 1
Tuesday, 25 Jul 2017 08:00am EDT 

July 25 (Reuters) - Seagate Technology Plc :Seagate Technology Plc says has unanimously voted to appoint Dave Mosley, co's president and chief operating officer, as CEO effective October 1.Seagate technology PLC says Steve Luczo, currently serves as chief executive officer, will transition to role of executive chairman on October 1.  Full Article

Seagate Technology reports Q3 revenue $2.7 billion
Wednesday, 26 Apr 2017 08:01am EDT 

April 26 (Reuters) - Seagate Technology Plc :Seagate Technology reports fiscal third quarter 2017 financial results.Q3 revenue $2.7 billion.Q3 adjusted earnings per share $1.10.Sets quarterly cash dividend of $0.63per share.Seagate Technology Plc qtrly earnings per share $0.65.Q3 earnings per share view $1.07 -- Thomson Reuters I/B/E/S.Q3 revenue view $2.71 billion -- Thomson Reuters I/B/E/S.  Full Article

Seagate Technology says intends to close design center in Korea
Friday, 10 Mar 2017 07:40am EST 

Seagate Technology Plc : Seagate Technology Plc- intends to close design center in Korea, which will result in reduction of company’s headcount by approximately 300 employees . Seagate Technology Plc- action is expected to result in total pre-tax charges of approximately $50 million . Seagate Technology Plc - majority of the charges will be comprised of cash expenditures on severance and employee-related costs .Seagate Technology Plc- balance of charges will include other cash expenditures on exit-related costs, as well as other non-cash charges.  Full Article

Seagate Technology plc's unit issues principal amounts of Senior Notes due 2022 and 2024
Friday, 3 Feb 2017 12:37pm EST 

Seagate Technology plc : On Feb 3, 2017, Seagate HDD Cayman $750 million in aggregate principal amount of 4.250% Senior Notes due 2022 - SEC filing . Unit aslo issued$500 million in aggregate principal amount of 4.875% Senior Notes due 2024 -SEC filing . The Senior Notes due 2022 mature on March 1, 2022 .The Senior Note due 2024 mature on March 1, 2024.  Full Article

BRIEF-Seagate, Tencent establish strategic partner relationship

* Seagate and Tencent establish strategic partner relationship and commence all-round cooperation