Summary
Seagate Technology Holdings plc (STX) filed this 8-K report on January 8, 2013, to announce preliminary financial results for its fiscal second quarter ended December 28, 2012. The filing serves as a notification of these select results, which were detailed in an accompanying press release furnished as Exhibit 99.1. Investors should note that this information is "furnished" and not "filed" under Section 18 of the Securities Exchange Act of 1934, meaning it carries different liability implications. The report also includes a standard cautionary note regarding forward-looking statements. Seagate highlighted that these statements are based on current management views and are subject to various known and unknown risks and uncertainties that could cause actual results to differ materially. These risks include global economic conditions, demand and pricing in the disk drive market, manufacturing capabilities, competitive pressures, and industry supply levels. Investors are directed to Seagate's Form 10-K filed on August 8, 2012, for a more comprehensive discussion of these risks.
Key Highlights
- 1Announcement of preliminary financial results for the fiscal second quarter ended December 28, 2012.
- 2The preliminary results were furnished via a press release (Exhibit 99.1), not filed under Section 18 of the Securities Exchange Act.
- 3The company provided forward-looking statements concerning future performance and industry growth.
- 4Forward-looking statements are subject to significant risks and uncertainties, including global economic conditions and disk drive market dynamics.
- 5Risks highlighted include variable demand, adverse pricing, manufacturing costs, product quality, competitive announcements, and industry supply.
- 6Investors are referred to the Form 10-K filed on August 8, 2012, for a detailed risk factor analysis.