Seagate reported the results of the third quarter of fiscal year 2009

The company Seagate Technology has reported the results of the third quarter of 2009 fiscal year, which ended April 3, 2009 According to the report, the volume of shipments of disk drives on the market amounted to 38 million units at a cost of 2.1 billion dollars, the company net loss for the period - 273 million dollars and U.S. $ 0,56 in recalculation on one share. Net loss includes amortization of acquired intangibles and other charges associated with the processes of acquisition, of $ 18 million dollars, and payments associated with the processes of restructuring and accelerated depreciation, of $ 36 million dollars. The cumulative result of these processes - a net loss of $ 54 million dollars or 0.11 dollars per share. Of the 36 million dollars associated with the processes of restructuring and accelerated depreciation, 11 million dollars are the result of accelerated depreciation costs of product development and 25 million dollars - a result of restructuring, including a global reduction in staff.

In the fourth quarter of 2009 fiscal year, which will end on 3 July, the company expects that the total supply of hard drives will remain at the same level as in the previous quarter ending in March. Revenues are planned in the amount of 1,9 - 2,2 billion dollars, while gross profit should grow by 300-400 basis points in comparison with the previous quarter. The cost of product development, marketing and administration in the fourth quarter are expected in the amount of 340 million dollars, other expenses should not exceed 40 million dollars. Net loss in terms of per share should reach 0,37-0,47 dollars.