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Tuesday: May 5, 2009

Seagate to shut down their U.S. plants.Seagate to shut down their U.S. plants.

The target at Seagate is to drive its quarterly operating expenses below $300m, according to Stifel Nikolaus analyst Aaron Rakers. This will be achieved, he thinks, by shutting down one or two US plants, which will achieve a faster operating expense reduction than closing overseas facilities.

Posted to Weekdaily filed in Technology @ 8:43 AM | Tags (3) | seagate | closures | drives |  | Discuss (0) |  | facebook | twitter | 314 Clicks | Posted by Vin


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