Seagate Technology enters new phaseSeagate Technology, which is undertaking a global realignment, is entering a new phase. The restructuring includes previously announced charges of $30 million and will include a reduction in work force of 10 per cent during this year. The company is aiming at improving operational productivity and cost reduction of asset and employee utilisation and consolidation of specific operations to gain greater efficiencies.
Seagate provides technology and products to people to store, access and manage information. It is the largest manufacturer of disc drives, magnetic discs and read-write heads. It had a revenue of $9 billion in 1997.
Tektronix bags major order from Scottish TV : Tektronix has bagged a major order from Scottish TV, Scotland's largest television station, to implement a fully automated, disk-based digital facility. The project is the outcome of the Scottish TV's move for a complete overhaul and refurbishment of its Glasgow-based transmissionplayout area. Tektronix's Profile PDR 200 video file servers will interface with the new PLS 200 tape archive system, which can be used as a disk cache and library for commercials and promotions. Scottish TV plans to run its existing tape based archive system for a short time simultaneously with Tektronicx's new disk based system solution before the new transmission play-out area is officially launched.
QAD to utilise Oracle8 as key technology: QAD, a worldwide supplier of integrated business software and services, will utilise Oracle8, the latest version of Oracle's flagship product, as a key technology enabling its forthcoming On/Q family of object oriented global supply chain applications as well as its MFG/PRO Enterprise Resource Planning environment. The Oracle version is expected to enable QAD customers in the industrial, electronics, automotive, food and beverage, medical products segments to access larger database and achieve greater database query performance. Oracle8, the database fornetwork computing, manages large amounts of information securely, reliable and economically over computer networks.
Fox puts $100 m effort behind "Anastasia" video: Twentieth Century Fox Home Entertainment unveiled plans for the April 28 video launch of "Anastasia", vowing a $100 million marketing effort behind the animated feature. A spokesman for Fox, a unit of News Corp Ltd, said a "significant portion" of the $100 million will be spent on media, making the effort larger than campaigns for video releases of hit movies "Independence Day" and the "Star Wars" trilogy. He declined to give an actual amount.
NEC group profit to plunge 51%: Japanese electronics giant NEC Corp said on Wednesday that sharp falls in computer memory chip prices and slow sales of personal computers and telecoms equipment at home will cut sharply into its profits this business year. NEC said its group net profit would plunge 51 per cent to 45 billion yen ($357 million) in the year to March 31, 1998. The company inOctober had forecast its group net profit for the year at 80 billion yen ($634 million). On a parent company basis, NEC expects to post 90 billion yen ($714 million) in pretax current profit for the year, down 27 per cent over a year earlier. The company revised down its parent current profit estimates from the 120 billion yen ($952 million) forecast made in October. NEC said cost cuts and marketing efforts partially offset declines in profits on a parent basis.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
