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4-Traders Homepage  >  Equities  >  Nasdaq  >  Seagate Technology PLC    STX   IE00B58JVZ52

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Seagate Technology PLC : Seagate CEO Steve Luczo Named to Top 50 Businesspersons of the Year by Fortune Magazine

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11/30/2012 | 05:05pm CEST

Seagate Technology plc (NASDAQ: STX) today announced that Steve Luczo, president, CEO and chairman of Seagate has been named one of Fortune Magazine's top Businesspersons of the Year for 2012. This prestigious annual ranking honors the top performing leaders across multiple industries.

Selections were made from a variety of factors, including financial results, stock performance and market value of the company, as well as strategic savvy, the ability to gracefully steer a very large organization, risk taking, and cultural significance.

One of only a handful of Silicon Valley leaders on the list, Luczo was honored alongside luminaries such as Jeff Bezos of Amazon, Tim Cook of Apple, Larry Page of Google, Warren Buffett of Berkshire Hathaway, Oh-Hyun Kwon of Samsung, Larry Ellison of Oracle and Ginni Rometty of IBM. Of Luczo, Fortune said, "Luczo took over a company with declining market share, rising costs, and massive debt. Fast forward to 2012: Seagate has achieved record revenues and profits and has regained its position as the largest hard disk manufacturer in the world."

"This is clearly a tremendous honor that also recognizes the thousands of employees at Seagate who have dedicated themselves to helping Seagate become one of the best technology companies in the world," said Steve Luczo. "This recognition reflects our commitment to deliver the best products and services in the storage industry."

About Seagate

Seagate is a world leader in hard disk drives and storage solutions. Learn more at www.seagate.com.

SEAGATE
Brian Ziel, 408-658-1540
brian.ziel@seagate.com


© Business Wire 2012
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Financials ($)
Sales 2018 10 102 M
EBIT 2018 1 365 M
Net income 2018 882 M
Debt 2018 1 841 M
Yield 2018 8,17%
P/E ratio 2018 10,37
P/E ratio 2019 10,02
EV / Sales 2018 1,09x
EV / Sales 2019 1,10x
Capitalization 9 154 M
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Mean consensus HOLD
Number of Analysts 30
Average target price 37,6 $
Spread / Average Target 20%
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Managers
NameTitle
Stephen James Luczo Chairman & Chief Executive Officer
William David Mosley President, Chief Operating Officer & Director
David H. Morton Executive VP, Chief Financial & Accounting Officer
Mark Brewer Chief Information Officer
Mark Re Chief Technology Officer & Senior Vice President
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