Profit Seagate has decreased on 70 %
Seagate Technology, the largest world manufacturer of hard disks, today has reported for the fourth quarter of the 2008 which has finished for the company. The real company profit has appeared considerably below forecasts of analysts therefore following the results of the expanded trading session on Nasdaq papers Seagate have lost 9,2 %.
According to the company, the net profit past quarter has decreased on 70 % to $160 million, or 32 cents on the share, against $541 million, or 96 cents for the share year before, writes CyberSecu
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