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Seagate Technology Holdings PLC (Ireland) (symbol: STX) is a leading global company known for its precision-engineered data storage technologies. Founded in 1979, Seagate has consistently been at the forefront of innovation in the data storage industry. The company specializes in providing hard disk drives (HDDs) and other data storage solutions for both enterprise and consumer markets.
Seagate is a critical player in the data storage industry, forming a practical duopoly with its main competitor, Western Digital. Both companies are vertically integrated, meaning they manage nearly all aspects of production and distribution, ensuring high-quality and reliable products.
With a diverse workforce of 40,000 employees spread across key global hubs such as Silicon Valley, the United Kingdom, Singapore, India, and China, Seagate leverages its international presence to drive technological advancements and meet the growing demand for data storage solutions. The company's expertise in creating storage solutions that offer superior capacity, speed, safety, and performance makes it a preferred choice for businesses and consumers alike.
Seagate's recent achievements include advancements in HAMR (Heat-Assisted Magnetic Recording) technology, which promises to significantly enhance data storage density and efficiency. Moreover, Seagate is actively involved in developing edge and cloud storage solutions, thereby catering to the needs of modern data-centric applications and industries.
In terms of financial health, Seagate has consistently shown robust performance, reporting solid earnings and maintaining a stable financial outlook. The company has also established numerous partnerships with other technology firms to further enhance its product offerings and market reach.
Seagate remains committed to harnessing data to maximize human potential, continually pushing the boundaries of what is possible in data storage technology. As data continues to grow exponentially in today's digital age, Seagate's role in providing reliable and efficient storage solutions becomes increasingly essential.
Seagate Technology (NASDAQ: STX) announced it will release its fourth quarter and fiscal year 2024 financial results on July 23, 2024, after the market closes.
The company, known for its innovations in mass-capacity data storage, will host an investment community conference call at 2:00 PM PT / 5:00 PM ET on the same day to discuss these results.
Interested parties can access the live audio webcast via Seagate's Investor Relations website at investors.seagate.com.
Seagate Technology (NASDAQ: STX) has partnered with eBay to launch an official storefront for factory-recertified hard drives. This collaboration is part of Seagate's Circularity Program aimed at reducing e-waste by extending the lifespan of storage devices. Through this program, Seagate has recertified approximately 1.19 million hard drives and SSDs in FY2023, preventing 553 metric tons of e-waste. The recertified drives adhere to strict data sanitization standards and come with a warranty. eBay supports this initiative as part of its sustainability efforts to reduce greenhouse gas emissions.
Seagate Technology Holdings announced the appointment of Jim Lee as Senior Vice President, Chief Legal Officer, and Corporate Secretary. Lee previously worked at Maxar Technologies, where he strengthened legal and compliance functions, built a successful litigation track record, and played a key role in complex transactions. Lee has also spent nearly 15 years at Aramark in various leadership roles. He holds a J.D. from Harvard Law School and a B.A. in economics from Yale University. Seagate's CEO, Dave Mosley, expressed enthusiasm for Lee's extensive experience and legal knowledge, anticipating significant contributions to Seagate's innovation in storage technology.
Seagate Technology Holdings (NASDAQ: STX) has announced its participation in two significant investor events. The first event is the TD Cowen 52nd Annual Technology, Media & Telecom Conference, scheduled for May 29, 2024, where Seagate will present at 8:25 AM PT / 11:25 AM ET and host investor meetings. The second event is the Bank of America Securities Global Technology Conference 2024 on June 4, 2024, with a presentation at 9:20 AM PT / 12:20 PM ET, also followed by investor meetings. Both presentations will be accessible through live webcasts on Seagate's Investor Relations website, with replays available for 30 days post-event.
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