Seagate reported a loss of USD $81 million on revenue of $2.35 billion for the second quarter of this year.
Despite the poor results, the company said it is seeing signs that the storage market is improving and it is making progress toward returning to sustained GAAP profitability as soon as possible.
Posts Tagged: losses
Motorola is considering reducing the workforce in its mobile devices group by as much as 50 per cent.
The company is reportedly set to start major layoffs this week that would reduce staff levels by half and is said to be dramatically scaling back its phone development as a whole.