Subject: General Tech, Storage | February 1, 2018 - 03:07 AM | Tim Verry
Tagged: Seagate, quarterly earnings, Hard Drive, financial results, enterprise
Seagate Technology has announced its quarterly earnings for the second quarter of fiscal year 2018 (the quarter ending 12/29/2017). The Cupertino-based company has reported quarterly revenue of $2.9 billion, net income of $159 million, and diluted EPS of 55 cents. On a Non-GAAP reporting basis, Seagate saw Q2 FY2018 net income of $431 million and earnings per share of $1.48.
Seagate's revenue remained flat year-over-year, but increased 11.5% versus the previous quarter. Net income decreased 12% QOQ and 46% YoY using GAAP accounting methods, but on a non-GAAP basis Seagate reports a 54% increase versus the previous quarter and 4.6% increase versus the same quarter last year so it's not all bad news. The company is also managed to amass quite a bit of cash including $850 million from operations and $773 of free cash flow.
|Q2 FY2018||Q1 FY2018||Q2 FY2017||QOQ||YoY|
|Revenue||$2.9 billion||$2.6 billion||$2.9 billion||+11.5%||=|
|Net Income (GAAP)||$159 million||$181 million||$297 million||-12%||-46%|
|Diluted Earnings Per Share (GAAP)||0.55||0.62||1.00||-11.5%||-45%|
|Net Income (Non-GAAP)||$431 million||$279 million||$412 million||+54%||+4.6%|
|Diluted EPS (Non-GAAP)||1.48||0.96||1.38||+54%||+7.2%|
Seagate manufactures both mechanical hard drives and solid state drives, and while the company cranks out many internal and external drives for consumers, the company is very much focused on the enterprise market, especially where its solid state storage is concerned. Seagate states in its press release that it is heavily focused on cloud storage with its 60TB 3.5" SAS drive and NVMe add-in-card (which it demonstrated at FMS 2016). The company has partnered with Facebook to build its 1U Lightning storage solution (up to 120TB of flash storage using 60 2TB M.2 NVMe drives) and continues to target the enterprise and exascale/HPC markets with their absolutely massive and ever-growing data demands for big data analytics of financial and user data, uploaded and user-generated media, cloud backup, and research/simulation data for supercomputers. Further, the company continues to push mechanical enterprise storage to ever higher capacities with Barracuda Pro and also has its Ironwolf NAS and sequential-optimized Skyhawk drives for surveillance systems. On the flash storage front, Seagate has its Nytro M.2 NVMe and Nytro SAS SSDs.
Facebook's 1U Lightning JBOF System using 60 Seagate XM1440 M.2 SSDs.
I am interested to see where Seagate (STX) will go with its flash storage (Will they ever bring it to the consumer market in a big way? They do have a few products, but their focus seems to be mostly on enterprise.) and if they will manage to match or surpass Western Digital and Toshiba this year in the enterprise HDD capacity war. Currently, the company's Barracuda, IronWolf, and Exos drives top out at 12TB including the second generation Helium-sealed versions.
- Seagate BarraCuda Pro 10TB Review - Massive Helium Client HDD
- FMS 2016: Seagate Demos Facebook Lightning, 60TB 3.5" SSD!
- Seagate Duet Hard Drive Keeps Your Cloud Close, Syncs Files With Amazon Drive
- CERN Data Centre passes the 200-petabyte milestone
Subject: Storage | December 9, 2017 - 11:46 PM | Tim Verry
Tagged: PMR, toshiba, helium, Hard Drive, enterprise, cmr, cloud storage, 14tb
Toshiba recently took the wraps off of a new hard drive series aimed at the enterprise market. What makes the MG07ACA series interesting is that Toshiba is offering a 14 TB 3.5” drive without resorting to using Shingled Magnetic Recording. Instead, the new MG07ACA series uses standard recording methods (CMR) and nine ~1.556 TB PMR (perpendicular magnetic recording) platters in an helium filled hermetically sealed enclosure to hit 40% more capacity and up to 50% better power efficiency than the previous MG06ACA (10 TB) series. The new drives are also important because they represent the first foray into helium filled hard drives for Toshiba following the company pushing air breathing drives to the limit with its seven platter models.
The new drives are standard 7200 RPM models with 256 MB of cache and a SATA 6 Gbps interface. The 14 TB model is able to hit 260 MB/s sustained transfer while the slightly lower areal density of the 12 TB model puts it at a 250 MB/s transfer speed maximum. They are able to hit 167 random 4K read IOPS and 70 random 4k write IOPS (which is fun to compare to even the slowest SSDs today, but these drives aren't for random workloads). Toshiba rates the drives at a fairly industry standard 550 TB per year workload and 2.5 million hours MTBF with a five year warranty. Toshiba is reportedly using its own laser welding technology to seal the drives and keep the helium contained. The MG07ACA drives are offered in emulated 512 (512e) and 4k native sectors with the 512e models featuring Toshiba Persistent Write Cache technology to prevent data loss in the event of power failure while the drives are executing read-modify-write operations. The power loss protection (PLP) is important for enterprise customers using these drives to upgrade the storage in their legacy software and hardware setups.
The MG07ACA series includes 14 TB 9-disk and 12 TB 8-disk drives. That’s a lot of platters in a single drive, but Toshiba claims that going this route with CMR / PMR reduces the total cost of ownership (TCO) for enterprise customers that are buying up high capacity drives for their cloud storage and big data storage needs. The drives are allegedly more power efficient and trusted in the enterprise market as opposed to the newer shingled drives. I suppose these drives are also useful as they can be drop in upgrades of lower capacity models.
John Rydning, Research Vice President for hard disk drives at IDC was quoted in the press release in saying:
"While enterprise server and storage customers realize that shingled magnetic recording (SMR) technology can improve HDD capacity, the adoption of SMR HDD products into server and storage systems is a transition that will take several years,"
Interestingly the drives offer 1.5 TB / platter in the 12 TB model and a bit more than 1.55 TB / platter in the 14 TB drive. With SMR technology hitting up to 1.75 TB / platter so far, using that could get a 14 TB drive with just 8 platters, but that is still fairly close that I suppose going with the longer track record of non shingled PMR and its reliability is more important to the enterprise customers.
In order to cram 9 platters into a standard 3.5" drive, Toshiba had to make the platters thinner and move to helium instead of air. Specifically, Toshiba is using 0.635mm Showa Denko (SDK) PMR platters that are a mere 1.58mm apart! The drives have Nidec motors on the top and bottom as well as environmental sensors and RVFF (Rotation Vibration Feed Forward) vibration compensation technology which is important when you have nine platters spinning at 7200 RPM in each drive and then hundreds of drives are placed in close proximity to each other in server racks and SANs. The move to helium and thinner platters is a big part of the power savings in this drive with the platters being easier to spin up and exhibiting less flutter moving through the much less dense helium versus air. Toshiba claims that the MG07ACA series uses up to 7.6 watts in normal operation and 4.6 watts at idle (0.32W/GB).
According to AnandTech, Toshiba will begin sampling the new hard drives later this month and will sell the drives to its large enterprise customers within the first half of next year. Once demand from the big data crowd has been met, Toshiba will being selling the drives through distributors which means enthusiasts will be able to get their hands on the drives through normal channels by the end of 2018. Exact pricing and availability have not been announced at this time.
- Western Digital Launches 14TB Enterprise Hard Drive for Big Data
- Western Digital Launches 12TB Gold Hard Drive To Consumers
- WD and HGST Refresh Enterprise SSDs to Include 8TB, Push HDDs to 12TB and Beyond
- Western Digital MAMR Tech Pushes Future HDDs Beyond 40TB
- Seagate BarraCuda Pro 10TB Review - Massive Helium Client HDD
Subject: Storage | May 17, 2017 - 09:57 PM | Allyn Malventano
Tagged: western digital, wdc, WD, Red Pro, red, NAS, helium, HelioSeal, hdd, Hard Drive, 10TB
Western Digital increased the capacity of their Red and Red Pro NAS hard disk lines to 10TB. Acquiring the Helioseal technology via their HGST acquisition, which enables Helium filled hermetically sealed drives of even higher capacities, WD expanded the Red lines to 8TB (our review of those here) using that tech. Helioseal has certainly proven itself, as over 15 million such units have shipped so far.
We knew it was just a matter of time before we saw a 10TB Red and Red Pro, as it has been some time since the HGST He10 launched, and Western Digital's own 10TB Gold (datacenter) drive has been shipping for a while now.
- Red 10TB: $494
- Red Pro 10TB: $533
MSRP pricing looks a bit high based on the lower cost/GB of the 8TB model, but given some time on the market and volume shipping, these should come down to match parity with the lesser capacities.
Press blast appears after the break.
Build and Upgrade Components
Spring is in the air! And while many traditionally use this season for cleaning out their homes, what could be the point of reclaiming all of that space besides filling it up again with new PC hardware and accessories? If you answered, "there is no point, other than what you just said," then you're absolutely right. Spring a great time to procrastinate about housework and build up a sweet new gaming PC (what else would you really want to use that tax return for?), so our staff has listed their favorite PC hardware right now, from build components to accessories, to make your life easier. (Let's make this season far more exciting than taking out the trash and filing taxes!)
While our venerable Hardware Leaderboard has been serving the PC community for many years, it's still worth listing some of our favorite PC hardware for builds at different price points here.
Processors - the heart of the system.
No doubt about it, AMD's Ryzen CPU launch has been the biggest news of the year so far for PC enthusiasts, and while the 6 and 4-core variants are right around the corner the 8-core R7 processors are still a great choice if you have the budget for a $300+ CPU. To that end, we really like the value proposition of the Ryzen R7 1700, which offers much of the performance of its more expensive siblings for a really compelling price, and can potentially be overclocked to match the higher-clocked members of the Ryzen lineup, though moving up to either the R7 1700X or R7 1800X will net you higher clocks (without increasing voltage and power draw) out of the box.
Really, any of these processors are going to provide a great overall PC experience with incredible multi-threaded performance for your dollar in many applications, and they can of course handle any game you throw at them - with optimizations already appearing to make them even better for gaming.
Don't forget about Intel, which has some really compelling options starting even at the very low end (Pentium G4560, when you can find one in stock near its ~$60 MSRP), thanks to their newest Kaby Lake CPUs. The high-end option from Intel's 7th-gen Core lineup is the Core i7-7700K (currently $345 on Amazon), which provides very fast gaming performance and plenty of power if you don't need as many cores as the R7 1700 (or Intel's high-end LGA-2011 parts). Core i5 processors provide a much more cost-effective way to power a gaming system, and an i5-7500 is nearly $150 less than the Core i7 while providing excellent performance if you don't need an unlocked multiplier or those additional threads.
It's like Legos for the working man
Way back in January of 2015 at CES we were shown a new line of accessories from Lenovo called ThinkPad Stack. The company is targeting the professional user on the go with a collection of four devices that can be used together in a stackable form that offers up some impressive capability and function in a small package, though it does come with a business-user markup.
Last week Lenovo sent us a full set of the ThinkPad Stack devices including a portable router, external USB 3.0 hard drive, Bluetooth speaker and external battery. With a price tag totaling nearly $400 for the entire set, there is a pretty high expectation for functionality, build quality and usability that Lenovo needs to hit, and they do a better job than I expected (honestly) to hit it. You don't have to buy all of the available Stack accessories, and that is part of the charm of the new product line - you can customize them to your own needs.
Though it's not for everyone, I do find myself enjoying the idea of Lenovo's ThinkPad Stack products and how it enables the mobile professional. Let's take a look at what it is, how it works and if it's something you need.
Subject: Storage | November 1, 2014 - 08:10 PM | Tim Verry
Tagged: toshiba, sata 3, hdd, Hard Drive, 7200 rpm, 5TB, 4TB
This week, Toshiba introduced 4TB and 5TB hard drives to the consumer space. Coming from Toshiba's Digital Products Division, the new drives are part of the company's PH3*00U-1I72 series and are the first four and five Terabyte 3.5" consumer hard drives sporting 7200 RPM spindle speeds (though enterprise and NAS focused drives have been available prior to these new drives).
The new 4TB and 5TB HDDs are 3.5-inch desktop drives with four and five platters respectively. Toshiba is using Perpendicular Magnetic Recording (PMR) and Tunnel Magneto-Resistive (TMR) technologies to hit 1TB per platter. The 7,200 RPM spindle speed allows Toshiba to hit an average seek time of 10.5ms, and the 128MB of cache stores frequently accessed data. The new drives are paired with a SATA 3 6Gbps interface. Toshiba has included NCQ (Native Command Queuing) support along with shock sensors and ramp on/off loading safety features.
The 4TB drive has an MSRP of $299 while the 5TB model has an MSRP of $399. Fortunately for digital hoarders, the drives are currently selling at prices below the MSRP. The 5TB model is being priced around $320 while the 4TB model is priced between $220 and $240 at the time of writing depending on your retailer of choice.
Subject: Storage | June 2, 2014 - 07:00 AM | Sebastian Peak
Tagged: wireless storage, ios, Hard Drive, computex 2014, Android, airplay
Today Corsair annouces the Voyager Air 2, a wireless hard drive with 1TB of storage which can connect to iOS and Android devices, as well as PCs and Macs.
The Voyager Air 2 is battery-powered and rechargeable (Corsair estimates 7-hour battery life from the high-capacity rechargeable lithium-ion battery), and the included software syncs with Dropbox and Google Drive and supports AirPlay streaming to an Apple TV. It supports 802.11b/g/n Wi-Fi connections for multiple users within a 90 foot range, and can stream 720p high-definition video to up to five devices at once.
And the Voyager Air 2 has quite a bit more functionality than just streaming content over Wi-Fi. It can serve as a wireless hub to share internet access via wireless passthrough, and it also functions as a USB 3.0 drive for fast data transfers when connected to a computer.
The Voyager Air 2 will be available this month with a suggested price of $179.99.
Subject: Storage | April 8, 2014 - 11:22 PM | Tim Verry
Tagged: Seagate, sata 6Gbs, SAS, Hard Drive, enterprise, 6tb
Seagate's latest enterprise class hard drive offers up to 6TB of space in a 3.5" form factor. The Enterprise Capacity series drive comes in both SATA III 6Gbps and 12Gbps SAS interfaces. Seagate was able to achieve an impressive 1,000 Gb/inch or about 1.25 TB per platter with the drive's five total platters adding up to the 6TB capacity. Perhaps even more impressively, Seagate was able to offer up a 6TB, five platter, 7,200 RPM drive without using helium.
The 6TB Enterprise Capacity hard drive comes with a 128MB DRAM cache. It is rated at 216 MB/s for sequential transfer speeds and an average latency of 4.16 milliseconds. The drive also supports 256-bit AES encryption and an instant secure erase function which overwrites data multiple times. Seagate further claims the drive is rated for 24/7 workloads at 550TB/year with a MTBF of 1.4 million hours. The drive comes with a five year warranty.
The drive will come in several variants depending on the storage interface. LaCie has already committed to using the new drives in its dual bay external storage products. Seagate has not released pricing on the new 6TB drive, but stated that it would price the drive at the same $/GB as last year's 4TB model. Expect the price to be around $650 MSRP before contract and bulk order deals.
It is a neat drive for sure, and I hope that the technology trickles down to the consumer space quickly, as 4TB has been the maximum single drive capacity for far too long!
For now, the drive will be used in the datacenter, production house, and security/surveillance markets (particularly in the datacenter market where rack space is at a premium).
Subject: Storage | April 3, 2013 - 06:26 AM | Tim Verry
Tagged: Seagate, 1TB Platter, 4TB, Hard Drive, storage
Seagate recently took the wraps off of a new 4TB hard drive. The new drive uses the company's 1TB platters, and the ST4000DM000 uses four 1TB platters. Other characteristics include a 7,200 RPM spindle speed, 64MB cache, and support for the SATA III 6 Gbps interface.
According to the company, the 4TB drive boasts an average read/write data rate of 146MB/s (which is good for a mechanical hard drive), max sustained transfer speed of 180MB/s, and sub-8.5ms and 9.5ms average seek times for read and write operations respectively.
The drive is compatible with Seagate's DiskWizard technology, allowing the full 4TB to be used on legacy operating systems. At 4TB, this drive is perfect for digital pack rats and media enthusiasts.
The 4TB Seagate drive can be found for around $190 USD online for the bare-bones drive, or approximately $205 for retail packaging. You can find more information on the 4TB mechanical hard drive on this Seagate data sheet (PDF) or the drive's product page.
I have to admit that I'm tempted by this, despite not having filled my 2TB drive yet.
Subject: General Tech | February 6, 2013 - 09:14 AM | Tim Verry
Tagged: storage, isuppli, Hard Drive
Analytics firm IHS recently released its iSuppli Storage Space Market Brief. According to the report, 2013 does not look good for hard drive manufacturers who may see up to a 12% decline in revenues. In 2012 the hard drive industry brought in $37.1 billion, but IHS estimates only $32.7 billion in 2013. Further, revenue in 2014 is estimated at a mere $32 billion.
In response to new hard drive technologies and pressure from solid state drives, IHS predicts hard drive selling prices will fall 7%. Thanks to this price erosion, the report suggests that hard drive manufacturers across the board will experience declines in gross and operating profit margins. The hard drive industry will have to contend with cheaper solid state drives as well as competition within the industry. Seagate and Western Digital will continue to battle it out for market dominance with new technologies and a continued price war that will see margins becoming thinner than ever as $/GB metrics continue to fall rapidly.
Reportedly, the hard drive makers will also have to contend with smartphones and tablets (that use solid state storage) making inroads into the PC market. Sales of traditional PCs are said to be somewhat cannibalized by mobile devices, and those reduced sales will affect the hard drive component manufacturers negatively.
On the other hand, it is not all bad news for the HDD makers. Hard drives still have per-drive capacity and $/GB on their side. Hard drives may be losing ground to SSDs, but for cheap consumer computers and large storage arrays used in the enterprise space hard drives are still the way to go. Consumer PC sales may no longer be growing rapidly, but big data is still a growing market so that will help the hard drive market.
All in all, 2013 will be beneficial for consumers as they will be getting cheaper and more-dense hard drives. This year is not looking good for the hard drive manufacturers, however.
Image of hard disk drive courtesy Walknboston via Flickr Creative Commons.