seagate technology (STX) Key Developments
Seagate Technology plc Approves Increased Regular Cash Dividend, Payable on November 25, 2014
Oct 22 14
Seagate Technology plc announced that its board of directors has approved a 26% increase in the company's targeted regular cash dividend. The targeted annual dividend will increase from $1.72 to $2.16 per share and will continue to be paid quarterly. The first payment at the new quarterly rate of $0.54 per share is scheduled to be paid on November 25, 2014 to stockholders of record as of the close of business on November 11, 2014.
Rackspace Selects Seagate Technology plc's Application Acceleration for OnMetal Cloud Server Solutions
Oct 21 14
Seagate Technology plc announced that its Nytro(R) family of PCIe-based flash acceleration cards have been selected by Rackspace for use with its new OnMetal(TM) family of cloud server solutions. As a leader in the managed cloud space and founder of OpenStack, Rackspace has adopted the use of Seagate Nytro solutions to enable increased I/O performance and cost efficiency for the growing demands of cloud infrastructure. OnMetal Cloud Servers are single-tenant, bare-metal servers that customers can instantly provision via the OpenStack API and easily integrates with existing cloud infrastructure.
Bill Swales Joins Seagate as Senior Vice President of Worldwide Sales for Cloud Systems and Solutions Group
Oct 14 14
Seagate Technology plc announced that Bill Swales joined the company on September 30 as Senior Vice President of Worldwide Sales for the Cloud Systems and Solutions group, reporting to Seagate President Jamie Lerner. Bill Swales will lead the strategy, functions, initiatives and activities that support and direct the selling of Seagate's Cloud products and services. He will take an active role in developing and implementing OEM and partner strategies, and in building new and strengthening existing alliance, system integrator and channel partnerships. Swales formerly held leadership positions and sales roles at Hewlett-Packard, McData, IBM and EMC Corporation.
Seagate Technology Public Limited Company Delivers New Surveillance Hard Disk Drive Featuring Recovery Services
Sep 29 14
Seagate Technology plc took the wraps off the first dedicated surveillance hard disk drive (HDD) featuring Seagate Rescue(TM) services--the Seagate(R) Surveillance HDD. Engineered specifically for surveillance and video analytics applications, the Surveillance HDD is a world-class drive that employs data recovery services designed to restore data from malice or accidental failure, keeping systems in the field longer and reducing post deployment expenses. A fast and easy recovery process, Seagate Rescue services can typically restore data within two weeks depending on the type of recovery--with up to a greater than 90% success rate in data recovery. Activated at time of purchase, the rescue plan provides three years of data recovery at the fraction of what it would cost to recover data lost due to anything from computer viruses to natural disasters and more. A seventh-generation optimized surveillance HDD, the drive now expands to capacities of up to 6TB and can store up to 600 hours of high-definition (HD) content making it the industry's highest-capacity drive designed specifically for surveillance applications. Designed to scale video storage, the drive also incorporates options for rotational vibration (RV) sensors enabling it to reliably perform in systems with up to 16 drives, making it ideal for small-to-medium businesses, who typically do not have IT support, but where bulk storage for HD video and back up are highly valued. Designed to support surveillance recordings from a number of cameras no matter their resolution requirements, Surveillance HDD supports up to 32 channels and easily handles the higher write workloads required by surveillance systems. The drive supports large streaming workloads for longer periods of time meeting industry archive and resolution demands. These features, coupled with the optional R/V sensors and Seagate's Rescue service, improve drive performance in multi-drive and RAID systems and increase the value of surveillance data by delivering the high data integrity possible.
Mike Palmer Joins Seagate as Senior Vice President and General Manager of Cloud Solutions
Sep 22 14
Seagate Technology announced that Mike Palmer joined the company on September 15 as Senior Vice President and General Manager of Cloud Solutions, reporting to Seagate President Jamie Lerner.