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| STX > SEC Filings for STX > Form 8-K on 22-Sep-2009 | All Recent SEC Filings |
22-Sep-2009
Regulation FD Disclosure, Financial Statements and Exhibits
On September 22, 2009, Seagate Technology (or the "Company") issued a press release to update its fiscal first quarter 2010 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 September 22, 2009, of Seagate Technology
entitled "Seagate Updates Fiscal First Quarter 2010 Financial
Outlook."
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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 expected
results for the September 2009 quarter and its future operating and financial
performance in the December 2009 quarter, and thereafter, and include statements
regarding expected revenue, gross margin, inventory levels, product competition,
customer demand for disk drives, product transitions, 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, 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; and our ability to achieve projected cost
savings in connection with our anticipated and announced restructuring plans.
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 19, 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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