International Business News - STX http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of the hard-drive maker Seagate Technology fell with the rest of the market on Monday, after an analyst signaled a worsening outlook for the company. http://www.ibtimes.com/articles/20081117/seagate-technology-shares-fall-on-reduced-outlook.htm Mon, 17 Nov 2008 11:48:09 EST Citing strong quarterly results but weaker-than-expected guidance, an analyst said Monday said he is still wary of how the economic downturn, combined with a seasonally weak March quarter, would affect hard disk drive maker Western Digital Corp. http://www.ibtimes.com/articles/20081027/baird-lowers-target-price-on-western-digital.htm Mon, 27 Oct 2008 14:31:14 EDT Among the stock activity stories for Thursday, Oct. 23, from AP Financial News: NEW YORK (AP)--Colonial BancGroup shares lost more than half their value Thursday, after the regional bank reported a worse-than-expected loss, leading several analysts to adjust their full-year estimates. http://www.ibtimes.com/articles/20081023/movers-roundup-colonial-bancgroup-seagate-tech.htm Thu, 23 Oct 2008 19:23:54 EDT Shares of Seagate Technology sank to a record low on Thursday after the hard disk drive maker gave a tepid outlook for the current quarter. The company also said it plans to focus on cutting costs amid a challenging environment. http://www.ibtimes.com/articles/20081023/seagate-shares-tumble-as-outlook-disappoints.htm Thu, 23 Oct 2008 20:05:27 EDT Among the earnings stories for Wednesday, Oct. 22, from AP Financial News: McKINNEY, Texas (AP)--Life and health insurer Torchmark Corp. on Wednesday said its third-quarter profit fell 52 percent as it took a huge charge for investments that lost value as the market declined. http://www.ibtimes.com/articles/20081022/earnings-roundup-torchmark-seagate-tech.htm Wed, 22 Oct 2008 18:56:40 EDT Among the earnings projection stories for Wednesday, Oct. 22, from AP Financial News: SEATTLE (AP)--With an uncertain economy, Amazon.com Inc. is cutting its 2008 revenue outlook. http://www.ibtimes.com/articles/20081022/outlook-roundup-amazon-com-tractor-supply.htm Wed, 22 Oct 2008 18:32:06 EDT Hard-drive maker Seagate Technology on Wednesday forecast second-quarter revenue and adjusted earnings that missed Wall Street expectations, and said it would focus on cutting costs amid a challenging environment. http://www.ibtimes.com/articles/20081022/seagate-technology-guides-2q-below-street.htm Wed, 22 Oct 2008 16:46:25 EDT Hard-drive maker Seagate Technology on Wednesday said its first-quarter profit plunged 83 percent, as it booked hefty charges related to acquisitions and restructuring. http://www.ibtimes.com/articles/20081022/seagate-technology-1q-profit-plunges-83-percent.htm Wed, 22 Oct 2008 16:32:15 EDT An analyst lowered his estimates and target price on hard disk drive maker Western Digital Corp. and larger rival Seagate Technology on Wednesday, citing "challenging industry conditions." http://www.ibtimes.com/articles/20081001/analyst-lowers-western-digital-seagate-targets.htm Wed, 01 Oct 2008 15:08:25 EDT Business spending on information technology is starting to look shaky, an RBC Capital Markets Corp. analyst wrote Thursday as he slashed estimates for next year's earnings at more than a dozen IT vendors. http://www.ibtimes.com/articles/20080925/ahead-of-the-bell-rbc-mows-down-it-ratings.htm Thu, 25 Sep 2008 09:11:14 EDT A day after computer maker Dell Inc. warned of softening demand for information technology products, Nortel Networks Corp. lowered its 2008 sales outlook in a sign that the economic downturn is not sparing the tech sector. http://www.ibtimes.com/articles/20080917/sector-snap-tech-stumbles-as-dell-nortel-warn.htm Wed, 17 Sep 2008 10:14:11 EDT Shares of PC makers headed mostly lower Tuesday along with the broader market, after computer company Dell Inc. warned it is seeing weaker information technology demand around the world. http://www.ibtimes.com/articles/20080916/computer-makers-decline-after-dell-warning.htm Tue, 16 Sep 2008 10:39:52 EDT Shares of Marvell Technology Group Ltd. fell Thursday after a Deutsche Bank analyst downgraded the stock, saying he doesn't think it will rise significantly in the next six months due to some challenges the chip maker is facing. http://www.ibtimes.com/articles/20080904/last-call-marvell-falls-after-analyst-downgrade.htm Thu, 04 Sep 2008 15:34:26 EDT Shares of Intevac Inc. rose Tuesday after an analyst upgraded them, saying orders for its tools, which are used to manufacture hard drives, are likely to revive next year. http://www.ibtimes.com/articles/20080902/intevac-shares-jump-after-analyst-upgrade.htm Tue, 02 Sep 2008 17:32:03 EDT Among the stock activity stories for Monday, Aug. 18, from AP Financial News: SEATTLE (AP)--Shares of Yahoo Inc. fell Monday as analysts lowered expectations for the Web search and portal operator's earnings in the second half of the year. http://www.ibtimes.com/articles/20080818/movers-roundup-yahoo-motorola.htm Mon, 18 Aug 2008 18:21:42 EDT Shares of computer memory card maker SanDisk Corp. dropped sharply Monday as analysts discounted rumors of a takeover by hard-drive maker Seagate Technology. http://www.ibtimes.com/articles/20080818/sandisk-shares-drop-as-takeover-rumors-discounted.htm Mon, 18 Aug 2008 19:36:25 EDT NAME--Frank J. Biondi Jr. AGE--63 http://www.ibtimes.com/articles/20080814/biographical-information-on-frank-biondi-jr.htm Thu, 14 Aug 2008 17:01:58 EDT Shares of LSI Corp. were down nearly 4 percent Tuesday after Lehman Brothers downgraded the stock to "Underweight" from "Equal Weight" and cut its price target to $7 from $8 because the shares are already up 30 percent so far this year. http://www.ibtimes.com/articles/20080805/lsi-shares-down-4-percent-on-lehman-downgrade.htm Tue, 05 Aug 2008 15:01:08 EDT Hard-drive maker Seagate Technology guided its fiscal first-quarter profit well below Wall Street's expectations on Tuesday. For the fiscal first quarter ending in September, the company expects to earn 18 cents to 22 cents per share on revenue of $3.15 billion to $3.3 billion. http://www.ibtimes.com/articles/20080715/seagate-technology-guides-fiscal-1q-below-street.htm Tue, 15 Jul 2008 19:08:00 EDT Hard-drive maker Seagate Technology said Tuesday its fiscal fourth-quarter earnings dropped sharply over the year-ago period, which was helped by a large tax gain. http://www.ibtimes.com/articles/20080715/seagate-technology-4q-profit-dips-without-tax-gain.htm Tue, 15 Jul 2008 19:01:49 EDT