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Computer Storage and Peripherals

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  • Jan 27- Western Digital Corp, the world's No. 1 hard-disk drive maker, reported second-quarter results slightly ahead of Wall Street expectations on strong demand for its solid-state drives from enterprise customers. "Every enterprise drive sold contributes the equivalent of what 4-6 desktop drives sold... enterprise drive shipments were up, average selling...

  • Weak retail business in Europe hits Seagate revenue Monday, 26 Jan 2015 | 1:40 PM ET

    Seagate Technology's revenue forecast for the current quarter fell well short of analyst estimates, largely due to weakness in Europe.

  • Jan 26- Hard-drive maker Seagate Technology Plc's revenue forecast for the current quarter fell well short of analyst estimates, largely due to weakness in Europe, sending the company's shares down almost 12 percent in early trading. Seagate's retail business in Europe, which accounts for about 20 percent of the company's revenue, shrank about 5 percent in the...

  • Jan 26- Hard-drive maker Seagate Technology Plc reported quarterly revenue below analysts' estimates, hurt by lower demand for its products as shipments of personal computers fell. Seagate and rival Western Digital Corp are tapping into the growing demand for products that help store data in the cloud and reducing their dependence on personal computer hard...

  • Jan 26- Hard-drive maker Seagate Technology Plc's quarterly revenue rose 4.8 percent, helped by higher demand for its cloud storage products. The net income attributable to Seagate rose to $933 million, or $2.78 per share, in the second quarter ended Jan. 2 from $428 million, or $1.24 per share, a year earlier. Revenue rose to $3.70 billion from $3.53 billion.

  • Jan 21- Memory chipmaker SanDisk Corp forecast current-quarter and full-year 2015 revenue well below Wall Street expectations, saying it would be unable to meet demand for flash memory storage chips until mid-year due to lean inventory levels. SanDisk's failure to add production capacity in the past two years has led to the weaker-than-expected forecast,...

  • Jan 21- Memory chipmaker SanDisk Corp forecast current-quarter and full-year 2015 revenue well below Wall Street expectations, saying it would be unable to meet demand for flash memory storage chips until the mid-year, due to lean inventory levels. Shares of the company, which supplies memory chips for Apple Inc's iPhones, fell about 8 percent to $74.05 in...

  • UPDATE 2-SanDisk's memory chip sales weak, shares fall Monday, 12 Jan 2015 | 11:38 AM ET

    Jan 12- SanDisk Corp said it expects fourth-quarter revenue to be lower than its forecast, citing weaker-than-expected sales of retail products and flash memory storage chips. SanDisk's warning also spooked investors in rival Micron Technology, whose stock was down 5 percent. Analysts said SanDisk's weak revenue forecast was partly due to a glut in the...

  • SanDisk cuts revenue forecast, shares fall Monday, 12 Jan 2015 | 11:01 AM ET

    SanDisk said it expects revenue to be lower than it had forecast, citing weaker-than-expected sales of retail products and NAND storage chips.

  • UPDATE 1-SanDisk cuts revenue forecast, shares fall Monday, 12 Jan 2015 | 10:09 AM ET

    Jan 12- SanDisk Corp said it expects fourth-quarter revenue to be lower than it had forecast, citing weaker-than-expected sales of retail products and NAND storage chips. SanDisk, which is increasingly using its chips to build and sell solid-state drives directly to companies and consumers, had already warned of supply constraints for the quarter.

  • NEW YORK, Dec 17- BlackBerry Ltd launched its long-awaited Classic device on Wednesday, a smartphone it hopes will help it win back market share and woo those still using older versions of its physical keyboard devices. The Waterloo, Ontario- based mobile technology said the new device, which bears a striking similarity to its once-bestselling Bold and Curve...

  • FBI SAYS THAT DESTRUCTIVE MALWARE IS CAPABLE OF WIPING DATA ON HARD DRIVES, MAKING IT EXTREMELY DIFICULT, IF NOT IMPOSSIBLE TO RECOVER DATA.

  • UPDATE 1-NetApp profit falls on lower sales to OEMs Wednesday, 12 Nov 2014 | 6:09 PM ET

    Nov 12- Data storage equipment maker NetApp Inc reported a 4 percent fall in quarterly profit, hurt by lower sales to original equipment manufacturers, and forecast a third-quarter profit below market estimate. The company's OEM business includes revenue from the sale of NetApp's products by other companies under their brands, including IBM Corp and Fujitsu...

  • Nov 5- 3 D printer maker Stratasys Ltd cut its profit forecast for 2014, citing its recent acquisition of computer-aided design systems developer GrabCAD and ongoing development costs. Stratasys's shares were down 7.7 percent in premarket trading on Wednesday as investors shrugged off the company's better-than-expected third-quarter revenue and...

  • 3D printer maker Stratasys's revenue jumps 62 pct Wednesday, 5 Nov 2014 | 7:42 AM ET

    Nov 5- 3 D printer maker Stratasys Ltd reported a 62 percent jump in quarterly revenue, helped by strong demand for its MakerBot-branded consumer products and services. However, the net loss attributable to the company widened to $31.3 million, or 62 cents per share, in the third quarter ended Sept. 30, from $6.6 million, or 16 cents per share, a year earlier.

  • Oct 28- Hard-disk drive maker Western Digital Corp reported better-than-expected quarterly profit and revenue as businesses spent more upgrading computers or buying storage for servers and data centers. Western Digital earned $2.10 per share, adjusting for items, in the first quarter ended Oct. 3. More businesses in the United States and Europe upgraded...

  • Western Digital quarterly revenue rises 4 pct Tuesday, 28 Oct 2014 | 4:23 PM ET

    Oct 28- Hard-disk drive maker Western Digital Corp reported a 4 percent rise in first-quarter revenue, helped by higher demand for storage products from businesses. The company's net income fell to $423 million, or $1.76 per share, in the quarter ended Oct. 3, from $495 million, or $2.05 per share, a year earlier as sales and marketing costs rose by about 67 percent.

  • Oct 28- Alevo Group, which has kept its energy storage technology secret for a decade, unveiled it on Tuesday, and said it has struck deals aimed at deploying its batteries in power grids in China and Turkey. The Martigny, Switzerland- based company has yet to sign up any U.S. customers but said on Tuesday that it has reached a deal with China-ZK International Energy...

  • Seagate revenue up on PC, cloud products Monday, 27 Oct 2014 | 10:59 AM ET

    Seagate Technology reported an 8.5 percent rise in revenue, helped by higher demand for its personal computer and cloud storage products.

  • Oct 27- Hard-disk drive maker Seagate Technology Plc's quarterly profit and revenue beat the average analyst estimate as demand increased for its personal computer and cloud storage products. Seagate shares were up 1.8 percent in premarket trading. Net income attributable to Seagate fell to $381 million, or $1.13 per share, for the first quarter ended Oct. 3,...