Shares of Seagate Technology PLC (NASDAQ:STX) ended Friday session in green amid volatile trading. The shares closed up +0.21 points or 0.62% at $33.92 with 2.72 million shares getting traded. Post opening the session at $33.79, the shares hit an intraday low of $33.47 and an intraday high of $34.25 and the price vacillated in this range throughout the day. The company has a market cap of $10.18 billion and the numbers of outstanding shares have been calculated to be 298.61 million shares.
Seagate Technology PLC (STX) on August 9, 2016 announced at the Flash Memory Summit conference two new flash innovations that extend the limits of storage computing performance in enterprise data centers to unprecedented levels. The new products include a 60 terabyte (TB) Serial Attached SCSI (SAS) solid-state-drive (SSD) — the largest SSD ever demonstrated — and the 8TB Nytro® XP7200 NVMe SSD. These two new products represent the high performance end of Seagate’s Enterprise portfolio – a complete ecosystem of HDD, SSD and storage system products designed to help customers manage the deluge of data they face and move the right data where it’s needed fast to meet rapidly evolving business priorities and market demands.
The 60TB SAS SSD and 8TB Nytro XP7200 NVMe SSD are the newest additions to Seagate’s data center portfolio and are designed to help enterprise IT leaders obtain more value from the rapidly expanding amount of data they must contend with, even under the most demanding application requirements. The 60TB SAS SSD features twice the density and four times the capacity of the next highest-capacity SSD available— equivalent to the capacity needed to accommodate 400 million photos on a typical social media platform, or 12,000 DVD movies.
The 60TB SAS SSD also simplifies the configuration process of accommodating “hot” and “cold” data, enabling data centers to use the same enterprise HDD 3.5 inch storage form factor. This eliminates the added step of separating out different types of data for near-term availability versus long-term storage — largely based on estimations or best-guesses of future data usage. Instead, data centers can rely on an SSD that helps address their need to quickly accommodate and ensure accessibility of ever-increasing large amounts of data without having to add additional servers or incorporate additional management steps. And, because of the drive’s flexible architecture, it also provides a pathway for data centers to easily grow from the current 60TB capacity to accommodate 100TB of data or more in the future — and all in the same form factor.
Shares of Texas Instruments Incorporated (NASDAQ:TXN) ended Friday session in red amid volatile trading. The shares closed down -0.02 points or -0.03% at $69.68 with 4.58 million shares getting traded. Post opening the session at $70.02, the shares hit an intraday low of $69.26 and an intraday high of $70.10 and the price vacillated in this range throughout the day. The company has a market cap of $70.04 billion and the numbers of outstanding shares have been calculated to be 1.00 billion shares.
Texas Instruments Incorporated (TXN) Executive Vice President of Business Operations Brian Crutcher will speak at the 2016 Deutsche Bank Technology Conference in Las Vegas on Tuesday, September 13, at 11:50 a.m. Pacific time. Crutcher will field questions from analysts and investors, as well as discuss TI’s business outlook and its strategy to address key markets for its analog and embedded processing technologies and how these capabilities position the company for growth.
The audio webcast for the conference can be accessed live through the Investor Relations section (http://www.ti.com/ir) of TI’s website. An archived replay will be available on the website after his remarks.