The company cames rather early in the supply chain to be the first to know, but, commenting on the company’s figures, opposite, disk drive major Seagate Technology Inc’s chief executive Alan Shugart said he has yet to see any sign of slower growth in sales of personal computers, as has been speculated about in financial markets. If it has, I haven’t seen it, Shugart told Reuters. I think business is strong. I haven’t seen any slowdown. The company’s fully diluted earnings per share of $1.44 for its second quarter to December 31 compares with analysts’ consensus estimate of $1.34 a share and year-ago earnings of $0.93. We had a pretty good quarter, Shugart said. The computer business is good, and as long as computer business is good, our business is good. Second-quarter gross margins were 21%, up from 20.1%. The company targets gross margins in the 20% to 22% range. Acquisition of Conner Peripherals Inc is moving steadily towards completion with a shareholder vote on February 2.
