8-KEarnings & ResultsExhibits & Filings

Seagate Technology Holdings plc 8-K Report, Financial Results (Jan 20, 2010)

Filed January 20, 2010For Securities:STX

Summary

This Form 8-K filing from Seagate Technology Holdings plc, dated January 20, 2010, primarily announces the company's financial results for the fiscal second quarter ended January 1, 2010. The report references a press release (Exhibit 99.1) detailing these results, which is furnished but not filed with the SEC. Investors should note that this filing is an update on recent performance and does not contain detailed financial statements within the 8-K itself. The accompanying cautionary note highlights that forward-looking statements regarding future performance, revenue, gross margin, and customer demand are subject to various risks and uncertainties, including the ongoing global economic environment and competitive pressures. Investors are directed to Seagate's previously filed 10-K and 10-Q reports for a comprehensive understanding of these risks.

Key Highlights

  • 1Seagate Technology reported its financial results for the fiscal second quarter ended January 1, 2010, via a press release.
  • 2The press release, dated January 20, 2010, is attached as Exhibit 99.1 to this Form 8-K.
  • 3The information provided is furnished, not filed, meaning it doesn't carry the same legal implications as filed information under Section 18 of the Exchange Act.
  • 4The filing includes a cautionary note on forward-looking statements concerning future operating and financial performance.
  • 5Key areas mentioned in forward-looking statements include expected revenue, gross margin, and customer demand for disk drives.
  • 6The company acknowledges risks and uncertainties, including the impact of the global economic environment and competitive product announcements.
  • 7Investors are referred to Seagate's Form 10-K (filed August 19, 2009) and Form 10-Q (filed November 4, 2009) for more detailed risk factor disclosures.

Frequently Asked Questions

The main purpose of this Form 8-K filing is to officially report and disseminate Seagate Technology's financial results for the fiscal second quarter ended January 1, 2010, by attaching the press release that details these results.

The detailed financial results are contained within the press release dated January 20, 2010, which is provided as Exhibit 99.1 to this Form 8-K. The 8-K itself does not contain the full financial statements.

The information contained in this report and the attached press release is designated as 'furnished,' not 'filed.' This distinction is important as 'furnished' information does not carry the same legal liability under Section 18 of the Securities Exchange Act of 1934 as 'filed' information.

The filing warns of risks related to the uncertain global economic environment, which could impact consumer and business spending on disk drives. It also mentions the impact of variable demand, the company's ability to successfully manufacture and sell new products cost-effectively, and competitive product announcements.