October 22, 2009
Seagate pushes SSDs as part of recovery drive
The Register
Chris Mellor writes about Seagate’s revenue results for the first quarter of its 2010 fiscal year.
“Revenue for the quarter, which featured improving demand, was $2.66 billion compared to the year-ago quarter’s $3.033 billion. Despite the $370 million lower revenues Seagate made a profit of $179 million in the quarter, up from the $57 million made in the equivalent 2009 quarter. Operating expenses fell from $2.95 billion to $2.4 billion over the period. The company’s net debt position is now less than half of what it was at the beginning of the calendar year.”
Yahoo! profits! soar! on! falling! revenues!
The Register
Cade Metz shares Yahoo’s third quarter 2009 financial results.
“The good news is that after some considerable belt-tightening in the wake of its 2008 third quarter, Yahoo!’s profits more than tripled in Q3 2009, from $54 million to $186 million.”
Cisco Q1 tracking well
Network World
Cisco Subnet shares some forecasts based on Oppenheimer & Co.’s research about Cisco’s Q1 revenue earnings.
“Oppenheimer & Co. is raising its estimates for Cisco’s Q1, citing bullish statements from the channel. The firm found after conducting 40 interviews in the U.S. and Europe that Cisco’s sales are tracking ahead of expectations, thanks to a resumption in spending and upgrade activity. Sixty-five per cent of those 40 respondents believe Cisco’s sales will grow sequentially in Q1. Forty-three per cent expect 1-5 per cent growth and another 23 per cent expect more than 5 percent growth, according to Oppenheimer.”
