Seagate sees component shortages in flash storage market
#Seagate CEO Steve Luczo said he was cautiously optimistic about the economy and technology spending, but noted there are #NAND and #DRAM shortages that may hamper demand in the server and PC markets. The storage giant reported fiscal third quarter earnings of $194 million, or 65 cents a share, on revenue of $2.7 billion. Non-GAAP earnings for the quarter checked in at $1.10 a share. Wall Street was looking for earnings of $1.07 a share for the third quarter on revenue of $2.71 billion.