|
|
 |
|
Viewing report
|
|
|
|
Summary: Seagate Technology PLC Dec 11
Standard & Poors, Dec 2011
Abstract
The ratings on Cupertino, Calif.-based Seagate Technology PLC reflect Standard & Poor's Ratings Services' expectation that the company will sustain its 'fair' business risk profile (as defined in our criteria) through industry transition and consolidation, while pursuing a moderately more aggressive financial policy than it has in the past two years. We believe the hard disk drive (HDD) industry is highly competitive, and characterized by rapid product evolution and commoditization. Recent consolidation in the industry, with Seagate's intent to acquire Samsung's HDD assets, along with a similar consolidating acquisition by a competitor, is likely to be a positive factor over time, with the potential for more stable pricing for remaining participants and less cyclicality in operating trends. As an offset...
Companies mentioned in this report are: Seagate Technology PLC
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
|
|
|
|
