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Seagate Q4FY10 Financial Result

Seagate Q4FY10 Financial Result

Seagate today announced their financial result for Q4FY2010 and which following key highlights:

  • For fiscal year ended July 2, 2010 Seagate reported 193.2 million disk drive unit shipments, revenue of US$11.4 billion, gross margin of 28.1%, net income of US$1.61 billion and diluted earnings per share of US$3.14.
  • For the quarter ended July 2, 2010, Seagate shipped 46.8 million disk drive units, chalked up revenue of US$2.66 billion, gross margin of 27.4%, net income of US$379 million and diluted earnings per share of US$0.76.
  • Seagate delivered record shipments, profitability and operating margin for fiscal year 2010 due to increase in global hard drive demand, which grew 22% year-over-year

Press Release

Seagate Technology Reports Fiscal Fourth Quarter and

Year-end 2010 Financial Results

- Record fiscal year profit of $1.61 billion and earnings per share of $3.14
- Record fiscal year shipments of 193 million disk drives
- Record fourth quarter operating results

MALAYSIA, 22 July 2010 – Seagate Technology plc today reported financial results for the quarter ended July 2, 2010 of 46.8 million disk drive unit shipments, revenue of $2.66 billion, gross margin of 27.4%, net income of $379 million and diluted earnings per share of $0.76. The financial results for the quarter include $6 million of purchased intangibles amortization expense, $16 million of restructuring charges, $3 million expense (Other income/expense) for the May 2010 termination of Seagate’s revolving credit facility offset by a $6 million recovery of previously impaired long-lived assets and a $50 million income tax benefit due principally to valuation allowance adjustments related to deferred tax assets. The aggregate impact of these items was a $31 million increase to net income or approximately $0.06 per diluted share.

For the fiscal year ended July 2, 2010 the company reported 193.2 million disk drive unit shipments, revenue of $11.4 billion, gross margin of 28.1%, net income of $1.61 billion and diluted earnings per share of $3.14. The financial results for the fiscal year ended July 2, 2010 include $35 million of purchased intangibles amortization expense, $66 million of restructuring costs, $3 million expense (Other income/expense) related to the May 2010 termination of the revolving credit line, a net write down of long-lived assets of $57 million offset by a $50 million income tax benefit due principally to valuation allowance adjustments related to deferred tax assets. The aggregate impact of these items was a $111 million reduction of net income or approximately $0.22 per diluted share.

“I’m very encouraged by our financial and operational performance throughout fiscal 2010,” said Steve Luczo, Seagate chairman, president and CEO. “In fiscal year 2010 we delivered record shipments, profitability and operating margin. The company responded well to the increase in global hard drive demand, which grew 22% year-over-year, introduced key new products, continued to strengthen the capital structure, and remained focused on improving key business fundamentals to position Seagate for future growth.

“Specific to our fiscal fourth quarter, two of our key assumptions entering the quarter did not materialize as expected and impacted our financial results – macro-economic stability and pricing reflective of balanced supply and demand. Industry demand in the fiscal fourth quarter was at the low end of our expectations due primarily to issues emanating from the debt crisis in Europe and slowing consumer spending especially in the U.S. and Europe. The lower unit shipments and unfavorable pricing at some key capacity points impacted Seagate’s ability to deliver revenue and earnings for the quarter within our target range. Despite these factors, Seagate reported the highest operating results for a June quarter in the company’s history.”

Admin 22 July 2010 Technology , , No Comments

Apple Q3 Financial Result : $15.7 Billions in Revenue, $3.23 Billions Net Profit

Apple Q3 Financial Result : $15.7 Billions in Revenue, $3.23 Billions Net Profit

Impressive, Apple’s Q3 financial result is simply astonishing. As I’m no financial expert, have yourself the detail on the press released below. Do not drooling btw.

All-Time Record Revenue Earnings Increase 78 Percent

CUPERTINO, California—July 20, 2010—Apple® today announced financial results for its fiscal 2010 third quarter ended June 26, 2010. The Company posted record revenue of $15.7 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share. These results compare to revenue of $9.73 billion and net quarterly profit of $1.83 billion, or $2.01 per diluted share, in the year-ago quarter. Gross margin was 39.1 percent compared to 40.9 percent in the year-ago quarter. International sales accounted for 52 percent of the quarter’s revenue.

Apple sold 3.47 million Macs during the quarter, representing a new quarterly record and a 33 percent unit increase over the year-ago quarter. The Company sold 8.4 million iPhones in the quarter, representing 61 percent unit growth over the year-ago quarter. Apple sold 9.41 million iPods during the quarter, representing an eight percent unit decline from the year-ago quarter. The Company began selling iPads during the quarter, with total sales of 3.27 million.

“It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple’s history with iPhone 4,” said Steve Jobs, Apple’s CEO. “iPad is off to a terrific start, more people are buying Macs than ever before, and we have amazing new products still to come this year.”

“We’re really pleased to have generated over $4 billion of cash during the quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal quarter of 2010, we expect revenue of about $18 billion and we expect diluted earnings per share of about $3.44”

Apple will provide live streaming of its Q3 2010 financial results conference call beginning at 2:00 p.m. PDT on July 20, 2010 at www.apple.com/quicktime/qtv/earningsq310/. This webcast will also be available for replay for approximately two weeks thereafter.

This press release contains forward-looking statements including without limitation those about the Company’s estimated revenue and earnings per share. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company’s reaction to those factors, on consumer and business buying decisions with respect to the Company’s products; continued competitive pressures in the marketplace; the ability of the Company to deliver to the marketplace and stimulate customer demand for new programs, products, and technological innovations on a timely basis; the effect that product transitions, changes in product pricing or mix, and/or increases in component costs could have on the Company’s gross margin; the inventory risk associated with the Company’s need to order or commit to order product components in advance of customer orders; the continued availability on acceptable terms, or at all, of certain components and services essential to the Company’s business currently obtained by the Company from sole or limited sources; the effect that the Company’s dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; the Company’s reliance on the availability of third-party digital content and applications; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; the Company’s dependency on the performance of distributors and other resellers of the Company’s products; the effect that product and service quality problems could have on the Company’s sales and operating profits; the Company’s reliance on sole service providers for iPhone® in certain countries; the continued service and availability of key executives and employees; war, terrorism, public health issues, and other circumstances that could disrupt supply, delivery, or demand of products; potential litigation from the matters investigated by the special committee of the board of directors and the restatement of the Company’s consolidated financial statements; and unfavorable results of other legal proceedings.

Admin 21 July 2010 Technology , , , 1 Comment

Celcom Organize Blackberry App Development Challenge

celcom league of extraordinary challenge Celcom Organize Blackberry App Development Challenge

The so called League of Extraordinary Developers Challenge (LEDC) organized by Celcom is back this year after making it’s first appearance on 2008. This year challenge is to develop application for Blackberry, in conjunction with Blackberry App World release for Malaysia.

RIM made available it’s 2 APIs, Blackberry Push Essential and Blackberry Push Plus for developer to assist them develop the app for Blackberry.

The contest will open from 1-May until 30 June where the selected winners will have the chance to tie exclusive revenue sharing with Celcom of up to 80:20, a nice figure if the application sell well. Interested? Drop your request/inquiry to this email address . The workshop will start on April, so act fast.

Admin 26 March 2010 Technology , , No Comments

Avira Launch Avira Antivir 10 – AV10 in Malaysia

Haji Fadillah Yusof, Deputy Minister of Science, Technology and Innovation, has just officiated at the Global Launch of Avira’s latest AV10 versions of its IT Security Solutions at 2.30pm yesterday, at the Concourse of Low Yat Plaza. Also present was Avira GmbH Founder and Global CEO, Tjark Auerbach.

With 2.3 millions user in Malaysia alone, Malaysia has the highest number of Avira Antivr user in Southeast Asia which has 10 millions user presently. Malaysia through Avira Sdn Bhd is also Avira’s Southeast Asia headquarter.

Avira to see 100% growth in consumers

KUALA LUMPUR, Mar 24, 2010: Avira Sdn Bhd, the Southeast Asia headquarters of German IT security solutions pioneer, Avira GmbH, expects 100% growth in the usage of its products in the region by the end of this year.

Its chief operating officer, Carol Lim, said her forecast is based on rising consumer confidence in the company’s Avira Antivir Personal freeware which currently has 2.3 million users in Malaysia and 10 million users in Southeast Asia.

She said Avira’s Southeast Asia operations is also expected to grow its consumer base to 20 million during the same period, thanks in part to the latest AV10 versions of its popular freeware, Avira Antivir Personal, and paid versions – Avira Antivir Premium and Avira Premium Security Suite.

These were launched here today by Deputy Minister of Science, Technology and Innovation, Haji Fadillah Yusof. Also present at the launch was Avira Southeast Asia CEO, Lim Kar Aik and Avira GmbH Founder and Global CEO, Tjark Auerbach.

“The IT security solutions market in Malaysia is currently worth more than RM250 million and growing due to ongoing threats of infection from viruses, worms, phishing, rootkits, adware, spyware and Trojans which spread through office networks, internet and even flash drives.

“Hence, it is imperative for antivirus solutions, including the basic freeware, to exceed expectations and meet consumer demands by catching most of these threats,” she said.

She was commenting on the fact that Avira products have been independently tested by AV- Comparatives to have the best scanning speed, detection rate and performance of any antivirus solution currently on the market.

Based in Innsbruck, Austria, AV-Comparatives is Non-Profit-Organisation and a leading global provider of independent anti-virus software test results.

Lim said whilst most IT security solutions provide a signature-based engine, and a heuristic engine which scans for the DNA of a particular threat, Avira’s premium products now offer an additional security feature called Avira AntiVir ProActiv.

“This Host-based Intrusion Prevention System (HIPS) works by monitoring the behaviour of computer systems in real time, detects a virus attack and blocks it instantly, thereby preventing any damage.

“Hence, Avira AntiVir ProActiv completes the existing signature-based, generic and heuristic detection processes by providing a third layer of advanced protection against unknown malware,” she said.

Additionally, among numerous other improvements, Avira has also included “time scheduling” to its Parental Control feature. This allows parents to set specific times on an hourly, daily, weekly or even monthly basis for children to surf the Internet, she said.

Admin 25 March 2010 Technology , , , No Comments

How Your Phone Can Help Punish Traffic Offenders

How Your Phone Can Help Punish Traffic Offenders
image via

If you think your phone is meant for communication, entertainment or source of information only, you’re not 100% accurate just yet. Do you know that your phone can be used as law enforcement tool as well? Really? Sounds good! Yes, as long as your phone is equipped with camera, you can anytime become one of ‘traffic officer’ to help make our road safer.

This is how it works. Beginning last month, JPJ has openly called public to use their camera/camera phone to snap the photo of traffic offender anywhere in Malaysia. The traffic offender photos then can be sent to email address aduantrafik@jpj.gov.my and any action will be taken accordingly by them.

How will this help motorist to follow the traffic rules? The objective of this program is to create an awareness that, everyone is responsible of patrolling our road, not only police or JPJ officers. By then, motorists will keep this in mind that other motorists around them is watching them as well, or in other word, they can indirectly summon you if you break the rules. Do you think you would dare to cross the red traffic light if a policeman is riding beside you? The same concept applied here, everyone is a ‘policemen’ or ‘JPJ officer’ when they’re on the road.

pst – JPJ’s website is now become more social, you can tweet and share on FB of their web page.

via – the article mistakenly reads email address as website, erm where the heck is the editor?

Admin 22 March 2010 Technology , , , No Comments
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