Seagate

Seagate repurchasing $2.5 billion in stock

Seagate repurchasing $2.5 billion in stock

When a company gets much too rich for it's own good, it's time to do as Seagate is doing today: repurchasing a whole lot of shares in their own company. Here Seagate has decided that because of their confidence in their own ability to generate cash at this time, they'll pick up $2.5 billion (of the $3.5 billion they're actually authorized) in outstanding ordinary shares. Seagate will be repurchasing this stock with a combination of cash on hand, future cash flow from operations, and "potential alternative sources" whatever that ends up being.

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Seagate GoFlex Satellite update adds simultaneous WiFi streaming and web

Seagate GoFlex Satellite update adds simultaneous WiFi streaming and web

Seagate has released an update to its GoFlex Satellite WiFi-enabled external drive and its companion iOS and Android apps, adding support for simultaneously connecting via WiFi to the portable HDD and to a separate data network. Announced last May, the GoFlex Satellite is a 500GB drive positioned as a way to offload data from your smartphone and tablet, while still being able to stream it easily. However, until now using the WiFi connection meant your phone or tablet was unable to also connect to a home or office WiFi network.

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Seagate hits 1Tb per square inch milestone

Seagate hits 1Tb per square inch milestone

Seagate today announced that it has reached a new milestone in hard drive technology. The company claims to be the first hard drive manufacturer to achieve a storage density of 1Tb (1 terabit = 1 trillion bits) per square inch. This makes it possible for massive 60TB (terabyte) hard drives to arrive within the next decade.

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Seagate says hard disk drive shortage to continue through 2012

Seagate says hard disk drive shortage to continue through 2012

The massive flooding in Thailand has severely limited the supply hard drives for the computing industry all around the world. One of the companies that was hard hit by the flooding was Seagate. I'm sure Seagate, and the computer industry hoped that the hard disk drive shortage would be over this year, but it doesn't seem that will be the case. Seagate is now reporting that the shortage of hard drives will continue throughout 2012, just as some research firms were predicting.

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Seagate chops warranty on some HDDs

Seagate chops warranty on some HDDs

Seagate has announced that it is chopping the warranties that it offers on some of its hard drives down to size. Seagate says that the reason it is cutting warranty length is to be consistent with the industry. Other major HDD makers like Western Digital have cut warranty length recently as well. This warranty shortening may be a response to reduced profits in the HDD industry in the wake of flooding in Thailand that has lead to shortages.

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Seagate Momentus XT 750GB SSHD official, test videos released

Seagate Momentus XT 750GB SSHD official, test videos released

The folks at Seagate have announced the 3rd generation unit in their Momentus solid state hybrid drive line, here in the Momentus XT 750GB - as large as an HDD and as fast as an SSD, and at one tenth the price. This newest unit comes with 750GB of space, SLC NAND at 8GB, and a SATA 6GB/s NCQ interface. This newest drive has 50% more capacity than the previous generation Seagate Momentus, is 1.5x faster, and has both double the NAND flash and double the interface speed of its predecessor. Though it has the same name as its 500GB older sibling, this newest generation hybrid drive acts as the new plateau for Seagate and is available at a handful of online retailers today.

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