Disk-drive maker Seagate Technology is to take a massive $300 million (#184 million) charge in this financial quarter, making its second quarter losses worse than expected. The charge relates to the closure of a manufacturing plant in Ireland and comes on top of a $100 million (#61 million) charge in connection with a separate restructuring programme. Following the announcement, Seagate's stock shot down $1.25 (77p) per share to $19.25 (#11.8) and second-quarter losses are now expected to be around $1 (61p) per share. Following the economic crisis in Asia, Seagate also said price cuts by the region's component makers are creating severe pricing pressure on its products.
RTX 280 Ti will come with 11GB of fast GDDR6 video RAM with a 352-bit memory bus offering 616Gbps
The scale of jobs lost to automation will be at least as large as those in the first three industrial revolutions
Latest Tesla news: Tesla stock price tanks amid reports of 'widening probe' by SEC and claims the base Model 3 loses money
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10nm Cannon Lake Core i3-8121U CPUs make a rare outing with Intel's NUC mini PC