Seagate CEO sees disk-drive price war continuing
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Seagate Technology , the  world's biggest computer disk-drive maker, expects aggressive  moves by rivals to depress industry prices for another year,  longer than most analysts predict, its CEO said on Wednesday.
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In an announcement strategically timed to lessen its impact, SanDisk admits that it must cut prices to stay competitive in a tougher NAND memory chip market. Layoffs and salary cuts for executives are also planned.
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The research firm estimated that the market for disk storage systems grew by 5% overall, to $5 billion, from $4.77 billion a year earlier in the second quarter. HP led the way, followed by IBM and EMC.
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Despite lagging behind Blu-ray in both sales of discs and overall players, HD DVD still put on a happy face for CEDIA 2007 and pointed to its advantage in price and computer manufacturer support in the next-gen format war.
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TOKYO (Dow Jones)--The battle over the high-definition successor to the current generation of DVDs is escalating with a winner possibly declared within the year, an executive at Toshiba Corp.
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(InfoWorld) - Despite the turnaround Mark Hurd has engineered at Hewlett-Packard, the president, chairman, andÂ CEO of the technology giant remains unsatisfied. Hurd said at a Morgan Stanley Technology Conference on Monday in San Francisco that the company still has to reduce its cost structure in order to be more profitable and grow. By many measures, HP is successful. It edged past rival IBMÂ in 2006 revenue ($91.7 billion to IBM's $91.42 billion), improved its net income by 158 percent over 2005 to $6.2 billion, and is the industry leader in personal computer and blade server sales. "But on an absolute basis, we're not doing well," Hurd said. Although HP has been on a two-year campaign of cost reduction, including employee layoffs, those savings are still not completely reflected in HP's profit and loss statement, he said. "I don't think that we've gotten very good traction with the investment base understanding that these are efforts that require time," Hurd said. "It will take us all of the next two years to be able to take advantage of that." In an interview before a room full of Morgan Stanley investors, Hurd said the total available worldwide market for the computers, servers, printers, and information technology services HP offers is $1.2 trillion, but that HP still doesn't cover that market effectively. He said the company needs to add to its sales force and develop more partnerships with other companies to better reach customers. Hurd acknowledged, as he did in the company's earnings conference call Feb. 20, that HP's storage business was weak. It grew only 6 percent in HP's fiscal first quarter, which he attributed to the fact that much of its product line is tape storage, a declining business. However, sales of its EVA line of disk storage products grew 18 percent in the quarter. As for server sales, while they grew 10 percent overall, sales of blade servers jumped 45 percent in the quarter, and the Integrity line of high-end servers grew by 75 percent. To further control costs, HP last month offered employees an early retirement opportunity and said it would change from a pension plan to a 401(k) plan, although employees currently in a pension plan will still receive their pensions. While that is expected to trim payroll costs, Hurd said other costs, such as services delivery, real estate, and procurement, still have to be tightened. Hurd was one of scores of technology company executives speaking at the technology conference that runs through Wednesday.
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Cornice has countersued hard drive rival Seagate, the maker of micro hard drives said yesterday. In a complaint filed with the US District Court for Delaware, the Cornice asked the court not only to determine that certain Seagate patents are invalid but ...
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The Microsoft CEO says one way to stem growing piracy of Windows and Office in emerging markets is to offer low-cost computers.
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Disk drive leader Seagate Technology  predicted rapid growth in demand for its products, especially notebooks, which is likely to fuel sustained double-digit revenue growth in percentage terms.
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Legal wrangling over competing hard drive technologies continues.
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AdvancedForce CEO Vladimir Chernavsky says the latest row about USB ports is part of a bigger debate about how best to manage access to external memory.
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Hard drive vendor has joined its rivals in turning to perpendicular techniques to pack more data on the platter.
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Standing in the way of control Hard disk drive (HDD) giant Seagate Technology is to start flogging HDDs with built-in encryption chips in an attempt to secure sensitive data on home PCs.â¦
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Western Digtial's latest external drive tops out at one terabyte. In Gear Factor.
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Alan Shugart, the co-founder of hard drive maker Seagate Technology LLC, has died, the company said Wednesday. He was 76.
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Fueled by insatiable consumer and business demand for storage, hard-drive maker Seagate Technology's fiscal second-quarter earnings nearly tripled as shipments rose 20 percent year over year, the company said Thursday.
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Seagate Technology (STX.N: Quote, Profile, Research) on Tuesday raised its quarterly revenue and profit forecasts for the December quarter on strong seasonal demand for newer products, surpassing analysts&#39; forecasts and sending its