John Paczkowski

Recent Posts by John Paczkowski

Hard Disk Error: Earnings Failure Detected

burnedoutharddriveThe econalypse has been particularly unkind to Seagate Technology. The hard-drive manufacturer posted a fiscal fourth-quarter loss Tuesday, its third in a row.

Weighed down by heavy restructuring charges, Seagate reported a loss of $81 million, or 16 cents a share, compared to net income in the same quarter last year of $160 million, or 32 cents per share. Analysts surveyed by Thomson Reuters had expected, on average, a loss of 10 cents per share, excluding special items.

Ugly. And it gets worse. For the year, Seagate said it lost a horrifying $3.09 billion, or $6.32 per share.

But the situation is improving–at least, Seagate hopes so. Looking ahead, the company sees revenue of $2.4 billion to $2.6 billion in the current quarter, better than it had predicted in June. “We are…seeing signs that the storage markets are improving,” Seagate CEO Steve Luczo said in a statement. Later, during a conference later, he added, “We are approaching the September quarter cautiously.”


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik