- Seagate slightly missed calendar Q4 revenue guidance and guided for calendar Q1 revenue of "at least $3.45 billion," compared with a $3.59B consensus.
- The hard drive giant reported 4% Y/Y Q4 increase in PC drive shipments - notebooks were up, desktops were down - and a 17% increase in enterprise shipments (lifted by demand from Internet giants).
- Intel (INTC -1.8%), HP (HPQ -3%), and NetApp (NTAP -2%) are all selling off on a day the Nasdaq is near breakeven. Intel has already guided for its PC CPU division's sales to drop by a low-single digit % in 2015, but has also forecast its server CPU division's sales will see a 15% CAGR through 2018.
- Separately, the WSJ reports (citing an internal e-mail) HP has named a new leader for its H3C Technologies Chinese networking hardware unit, following worker protests. The paper reported in October HP wants to sell at least a 51% stake in the business, as China tries to cut its reliance on U.S. IT hardware in the wake of the 2013 NSA spying uproar.