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| STX > SEC Filings for STX > Form 8-K on 24-Jun-2009 | All Recent SEC Filings |
24-Jun-2009
Regulation FD Disclosure, Financial Statements and Exhibits
On June 24, 2009, Seagate Technology (or the "Company") issued a press release to update its fiscal fourth quarter 2009 financial outlook. 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.
(d) Exhibits.
The following exhibit is attached to this Current Report on Form 8-K:
Exhibit No. Description
99.1 Press release, dated June 24, 2009, of Seagate Technology entitled
"Seagate Updates Fiscal Fourth Quarter 2009 Financial Outlook;
Provides Outlook for Fiscal First Quarter 2010."
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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 June 2009 quarter and its future operating and financial
performance in the September 2009 quarter and thereafter, and include statements
regarding expected revenue, gross margin, inventory levels, product competition,
customer demand for disk drives, product transitions, Seagate's ability to
return to profitability, effective tax rates 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, the decline in global economic
conditions continues to pose a risk to the Company's operating and financial
performance as consumers and businesses have, and may continue to, 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; our ability to achieve projected cost savings in
connection with our anticipated and announced restructuring plans; and the
impact of changes in foreign and domestic tax regulations. Information
concerning risks, 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 on August 13, 2008, and in the Company's
Quarterly Report on Form 10-Q as filed with the U.S. Securities and Exchange
Commission on May 6, 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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