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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 2016 11 156 M
EBIT 2016 896 M
Net income 2016 279 M
Debt 2016 3 010 M
Yield 2016 7,35%
P/E ratio 2016 29,87
P/E ratio 2017 15,62
EV / Sales 2016 1,13x
EV / Sales 2017 1,16x
Capitalization 9 566 M
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Mean consensus HOLD
Number of Analysts 33
Average target price 27,2 $
Spread / Average Target -15%
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NameTitle
Stephen James Luczo Chairman & Chief Executive Officer
William David Mosley President & Chief Operating Officer
David H. Morton Chief Financial Officer & Executive Vice President
Mark Brewer Chief Information Officer
Mark Re Chief Technology Officer & Senior Vice President
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