News: Seagate Technology PLC (STX.O)

STX.O on Nasdaq

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15 Apr 2014
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Thu, Mar 20 2014

CORRECTED-UPDATE 1-Seagate chief Luczo leaves Microsoft board

(Corrects paragraph four to show Mason Morfit is Microsoft's youngest, newest member)

Seagate chief Luczo leaves Microsoft board

SEATTLE, March 20 - Microsoft Corp said on Thursday Steve Luczo stepped down from its board of directors so he can focus on his job as chief executive of digital storage firm Seagate Technology Plc.

Fitch Affirms MMI International at 'BB-'; Outlook Stable

(The following statement was released by the rating agency) SINGAPORE/SYDNEY, February 03 (Fitch) Fitch has today affirmed MMI International Limited (MMI) and its parent - Precision Capital Private Limited's - (PCPL) Long-Term Foreign-Currency Issuer Default Ratings (IDR) at 'BB-'. The Outlook is Stable. Simultaneously, Fitch has affirmed the Singapore-based company's senior secured rating at 'BB-', 8% senior secured USD300m notes due 2017, as well as the USD180m secured bank loan at 'BB-'.

Seagate misses estimates as growth slows in cloud business

- Hard-disk drive maker Seagate Technology Plc's second-quarter results missed analysts' estimates as growth slowed in its cloud storage business, sending its shares down 7 percent in extended trading.

UPDATE 1-Seagate misses estimates as growth slows in cloud business

Jan 27 - Hard-disk drive maker Seagate Technology Plc's second-quarter results missed analysts' estimates as growth slowed in its cloud storage business, sending its shares down 7 percent in extended trading.

Seagate profit drops 13 percent as demand for hard-disk drives falls

- Seagate Technology Plc reported a 13 percent decline in quarterly profit as demand fell for its hard-disk drives due to declining personal computer sales.

Seagate profit drops 13 pct as demand for hard-disk drives falls

Jan 27 - Seagate Technology Plc reported a 13 percent decline in quarterly profit as demand fell for its hard-disk drives due to declining personal computer sales.

Seagate to buy Xyratex to add test equipment business

- Seagate Technology Plc said it would buy network and storage equipment maker Xyratex Ltd for about $374 million to strengthen its supply and manufacturing chain for disk drives.

UPDATE 1-Seagate to buy Xyratex to add test equipment business

Dec 23 - Seagate Technology Plc said it would buy network and storage equipment maker Xyratex Ltd for about $374 million to strengthen its supply and manufacturing chain for disk drives.

Seagate to buy Xyratex for $374 mln

Dec 23 - Hard-disk drive maker Seagate Technology Plc said it would buy network and storage equipment maker Xyratex Ltd for about $374 million in cash.

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