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STX > SEC Filings for STX > Form 8-K on 13-Apr-2009All Recent SEC Filings

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Form 8-K for SEAGATE TECHNOLOGY


13-Apr-2009

Results of Operations and Financial Condition, Financial Statements and Exhibi


Item 2.02 Results of Operations and Financial Condition.

On April 13, 2009, Seagate Technology (or the "Company") issued a press release to report its preliminary financial results for the fiscal quarter ended April 3, 2009. A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.1.

The information contained in this report and the attached press release is "furnished" but not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is attached to this Current Report on Form 8-K:

Exhibit No.       Description

   99.1           Press release, dated April 13, 2009, of Seagate Technology
                  entitled "Seagate Technology Announces Selected Preliminary
                  Fiscal Third Quarter 2009 Financial Results."

Cautionary Note Regarding Forward-Looking Statements

This Current Report contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements related to the Company's preliminary results for the March quarter and its future operating and financial performance, including expected revenue, net loss and product competition, customer demand for our products, the impact of recent and anticipated cost reduction efforts and general market conditions. These forward-looking statements are based on information available to Seagate as of the date of this Current Report. Current expectations, forecasts and assumptions involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those anticipated by these forward-looking statements. Such risks, uncertainties, and other factors may be beyond the Company's control. In particular, uncertainty in global economic conditions poses a risk to the overall economy as consumers and businesses may defer purchases in response to tighter credit and negative financial news. Such risks and uncertainties also include the impact of the variable demand and the aggressive pricing environment for disk drives, particularly in view of current business and economic conditions; dependence on Seagate's ability to successfully qualify, manufacture and sell its disk drive products in increasing volumes on a cost-effective basis and with acceptable quality, particularly the new disk drive products with lower cost structures; the impact of competitive product announcements and possible excess industry supply with respect to particular disk drive products; and our ability to achieve projected cost savings in connection with our anticipated and announced restructuring plans. Information concerning risk, uncertainties and other factors that could cause results to differ materially from those projected in the forward-looking statements is contained in the Company's Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission (the "SEC") on August 13, 2008, and in the Company's Quarterly Report on Form 10-Q as filed with the SEC on February 10, 2009, which statements are incorporated into this Current Report by reference. These forward-looking statements should not be relied upon as representing the Company's views as of any subsequent date and Seagate undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made.


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