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19/04/2002
Seagate announces third quarter results
Seagate Technology Inc, which has two facilities in Northern Ireland, has reported consolidated revenue of $1.8 billion and Generally Accepted Accounting Principles net income of $196 million for its third quarter ended March 29.
Excluding restructuring charges of $4 million the company reported pro forma net income of $199 million for the same period.
Seagate and its affiliated companies are controlled by New SAC, a Cayman Islands limited company. Its two facilities in Northern Ireland employ over 1,800 people between them.
At their Springtown water fabrication facility, the company develops and manufactures the recording heads which write information onto, and read information from, the recording disc inside a computer's hard drive.
Its Limavady facility, meanwhile, produces nickel-plated aluminium substrates, the core material on which computer hard disc drives read, write and store digital information. (MB)
Excluding restructuring charges of $4 million the company reported pro forma net income of $199 million for the same period.
Seagate and its affiliated companies are controlled by New SAC, a Cayman Islands limited company. Its two facilities in Northern Ireland employ over 1,800 people between them.
At their Springtown water fabrication facility, the company develops and manufactures the recording heads which write information onto, and read information from, the recording disc inside a computer's hard drive.
Its Limavady facility, meanwhile, produces nickel-plated aluminium substrates, the core material on which computer hard disc drives read, write and store digital information. (MB)
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