Seagate sees TV market as huge opportunity

Posted on Friday, January 20 2006 @ 22:55 CET by Thomas De Maesschalck
Seagate announced on Friday that digital set-top boxes that record television shows will be its biggest revenue driver in the next 18 months.
"We are selling a phenomenal number of hard drives into this digital video recorder space," Watkins told Reuters the day after Seagate reported quarterly earnings that beat analysts' estimates and sent the stock up 4 percent on Thursday. "It's all going to be about the TV" in the next 12 to 18 months.

Seagate is boosting sales of disk drives for digital cameras, portable music players and televisions to expand beyond desktop and notebook computers, its main markets. Consumer electronics accounted for 13 percent of revenue in its fiscal year ended in June, 2005, up from less than 5 percent in 2004.
More details at Reuters.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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