Seagate lost for three months, nearly half a billion dollars.

Seagate Company in the second quarter of 2009 fiscal year, ended second in January 2008 calendar, lost 496 million dollars or 1.02 dollars per share. Revenue for the company in the same period amounted to 2.3 billion dollars. This was reported in the financial report of Seagate.
Seagate's revenues during the first half of 2009 fiscal year amounted to 5.3 billion dollars. Net loss for the same period is 436 million dollars or 0.9 dollars per share.
In the second quarter of 2009 fiscal year, Seagate has released 37 million hard disk drives. In the first half of 2009 fiscal year the company made 85 million hard disk.
A week ago, it was reported that Seagate in the course of restructuring to reduce costs, will dismiss up to 10 per cent of the staff. This is about 5400 people.