Seagate reported the sums of the first quarter of 2009 financial years
The company Of seagate Of technology reported the results of the first quarter of 2009 financial years, which was ended on October 3. According to report, the volumes of the deliveries of disk accumulators for the market composed 48 million units by the total cost 3,03 billion dollars of the USA, the net income of company during the accounting period - 60 million dollars of the USA and 0,12 US dollars in the conversion to one action. Net income and income of company taking into account one action includes 23 million dollars of the USA income taking into account the amortization of the acquired intangible assets and other deductions, connected with the processes of acquisition, and also the deductions, connected with the processes of restructuring, in the size of 51 million dollars of the USA. Sum of the processes - reduction in the net income on 71 million dollars of the USA indicated and a reduction in the cost of actions to 0,14 US dollars for the piece. Of 51 million dollars of the USA, connected with the processes of restructuring, approximately 28 million dollars of the USA are result of the accelerated amortization of the expenditures of realization, and 23 million dollars - reductions and other expenses, [ponesennykh] as a result of restructuring.
“This block was noted by the [opredelennym] progress of company on the way to the restoration of the long-term leading positions on all markets, count Bill Watkins (Bill Of watkins), managing director Seagate. - C by the strong balance Of seagate again on the positions of force. Subsequently, taking into account complex macroeconomic medium, we will apply special efforts for the control of the expenditures and administrations of material reserves, continuing to invest into the basic technologies, which will help us to strengthen the leading position on the market. As a result we [ostaemsya] are assured in our ability to convert long-term demand for the systems of storage of actions our given into the basic value”.
In the December block Of seagate it expects to obtain income into 2,85 - 3,05 billion dollars C[SHA]. The clean profit of company in the conversion to one action will be 0,12 - 0,16 US dollars. The following expenditures are included in business- forecast:
· Approximately 20 million dollars of the USA amortization payments and other expenditures, connected with the processes of the acquisition of the active memberships
· Approximately 7 million dollars of the USA the expenditures, connected with the declared processes of the restructuring
· Approximately 7 million dollars of the USA the expenditures, connected with closing of division R&D in Pittsburgh.
Reduction in the net income by approximately 34 million dollars of the USA and reduction in the cost of action to 0,07 US dollars in the conversion to the action will become the result of the higher activity. Predicted data does not include the possible consequences of possible confluences, absorptions, distributions of active memberships and other transactions, or purchase of actions on the exchange or the expenses, connected with the possible processes of restructuring in the second quarter.
“This block was noted by the [opredelennym] progress of company on the way to the restoration of the long-term leading positions on all markets, count Bill Watkins (Bill Of watkins), managing director Seagate. - C by the strong balance Of seagate again on the positions of force. Subsequently, taking into account complex macroeconomic medium, we will apply special efforts for the control of the expenditures and administrations of material reserves, continuing to invest into the basic technologies, which will help us to strengthen the leading position on the market. As a result we [ostaemsya] are assured in our ability to convert long-term demand for the systems of storage of actions our given into the basic value”.
In the December block Of seagate it expects to obtain income into 2,85 - 3,05 billion dollars C[SHA]. The clean profit of company in the conversion to one action will be 0,12 - 0,16 US dollars. The following expenditures are included in business- forecast:
· Approximately 20 million dollars of the USA amortization payments and other expenditures, connected with the processes of the acquisition of the active memberships
· Approximately 7 million dollars of the USA the expenditures, connected with the declared processes of the restructuring
· Approximately 7 million dollars of the USA the expenditures, connected with closing of division R&D in Pittsburgh.
Reduction in the net income by approximately 34 million dollars of the USA and reduction in the cost of action to 0,07 US dollars in the conversion to the action will become the result of the higher activity. Predicted data does not include the possible consequences of possible confluences, absorptions, distributions of active memberships and other transactions, or purchase of actions on the exchange or the expenses, connected with the possible processes of restructuring in the second quarter.
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