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Seagate Technology Holdings plc ( NASDAQ: STX ) Wells Fargo 8th Annual TMT Summit Conference December 4, 2024 2:00 PM ET Company Participants Gianluca Romano - CFO Conference Call Participants Aaron Rakers - Wells Fargo Aaron Rakers Why don't we go ahead and get started. We'll stay on schedule here. So I'm Aaron Rakers with Wells Fargo IT Hardware and Semiconductor analyst and pleased to have with us for a quick discussion Gianluca Romano, Executive Vice President and Chief Financial Officer of Seagate. So first of all, Gianluca, thank you so much for joining us this morning. Maybe before we go into my list of questions, I want to -- yesterday, there was an 8-K announcement out. I would like to -- I've gotten a handful of questions from some investors. Can you level set us what the message is? I think David had made a comment about some trepidation maybe in terms of dynamics into the next quarter. But just level set us on the key points of that announcement? Question-and-Answer Session A - Gianluca Romano Yes. Thank you, Aaron, for inviting us here. And before we start, I will be making forward-looking statements today, and you can learn more about the risks associated to those statements on our website. Yes. So yesterday, we issued a 8-K with two news. One is a very good news and refers to our qualification of the HAMR product in the cloud segment. It took a little bit longer than what we wanted, but we now have a very, very strong configuration of the product that can be used in the cloud. And we of course, are going to qualify more and more customers between now and, let's say, mid of calendar '25, so in the next couple of quarters and then ramping a good volume of HAMR.Srinagar, Nov 22: To highlight the significance of Iqbal’s Persian poetry and its relevance in contemporary times, the Iqbal Institute of Culture and Philosophy (IICP), University of Kashmir, organised an extension lecture on the theme “Relevance of Iqbal’s Persian Collection: Javaid Nama in the Contemporary World.” The session featured Dr Syed Taqi Hassan Abedi, a renowned Canadian physician, poet, and scholar of Urdu and Persian literature, as the keynote speaker. In his lecture Dr. Abedi delivered a thought-provoking lecture and highlighted the universal relevance of Allama Iqbal’s Javaid Nama for all times to come. “In a world witnessing wars, loss of humanity, and erosion of social values, Iqbal’s poetry offers profound lessons. His literary work and poetry transcends borders and it is time we revisit him for guidance,” he remarked. Dr Abedi provided an in-depth interpretation of Iqbal’s poetic collection and the need for continued research on his multidimensional work and contributions. Prof Mohi-ud-din Sanghmi, Head Dept of Commerce KU who was guest of honor on the occasion lauded the session as enriching and informative. “Iqbal’s poetry carries deeper meanings that remain relevant even today. He wasn’t isolated from the realities of his time; instead, his works like Javaid Nama reflect his awareness and response to societal challenges,” said Prof Sanghmi. Earlier in his welcome address Dr Mushtaq Ahmad Ganai, Head of IICP, underlined the institute’s dedication in promoting Iqbal’s literary legacy. The event was attended by prominent academics, including Prof Hameed Naseem Rafiabadi, Dr Maroof Shah, faculty members and students. The session was moderated by Dr Fayaz Ahmad Wani, faculty at IICP, while Dr. Ajaz Ahmad Telwani, faculty at IICP proposed vote of thanks on the occasion.US stocks surge to records, shrugging off upheaval in South Korea, France
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NEW YORK (AP) — Police don't know who he is, where he is, or why he did it. As the frustrating search for UnitedHealthcare CEO Brian Thompson’s killer got underway for a fifth day Sunday, investigators reckoned with a tantalizing contradiction: They have troves of evidence, but the shooter remains an enigma. One conclusion they are confident of, however: It was a targeted attack , not a random one. They know he ambushed Thompson at 6:44 a.m. Wednesday as the executive arrived at the Hilton for his company’s annual investor conference, using a 9 mm pistol that resembled the guns farmers use to put down animals without causing a loud noise. They know ammunition found near Thompson’s body bore the words “delay,” “deny” and “depose,” mimicking a phrase used by insurance industry critics . The fact that the shooter knew UnitedHealthcare group was holding a conference at the hotel and what route Thompson might take to get there suggested that he could possibly be a disgruntled employee or client, NYPD Chief of Detectives Joseph Kenny said. Over the weekend, police divers were seen searching a pond in Central Park, where the killer fled after the shooting. Officers have been scouring the park for days for any possible clues and found his backpack there Friday. They didn’t immediately reveal what, if anything, it contained but said it would be tested and analyzed. Early Sunday afternoon, police declined to comment on the contents of the backpack, or on the results of the search in the pond, saying no updates were planned. The bag’s apparent manufacturer did not immediately respond to questions from The Associated Press. Investigators have urged patience, saying the process of logging evidence that stands up in court isn’t as quick as it looks like on TV . Hundreds of detectives are combing through video recordings and social media, vetting tips from the public and interviewing people who might have information, including Thompson’s family and coworkers and the shooter’s randomly assigned roommates at the Manhattan hostel where he stayed. Investigators caught a break when they came across security camera images of an unguarded moment at the hostel in which he briefly showed his face. Retracing the gunman’s steps using surveillance video, police say, it appears he left the city by bus soon after the shooting outside the New York Hilton Midtown. He was seen on video at an uptown bus station about 45 minutes later, Kenny said. With the high-profile search expanding across state lines, the FBI announced late Friday that it was offering a $50,000 reward for information leading to an arrest and conviction, adding to a reward of up to $10,000 that the NYPD has offered. Police say they believe the suspect acted alone. Police distributed the images to news outlets and on social media but so far haven’t been able to ID him using facial recognition — possibly because of the angle of the images or limitations on how the NYPD is allowed to use that technology, Kenny said. Late Saturday, police released two additional photos of the suspected shooter that appeared to be from a camera mounted inside a taxi. The first shows him outside the vehicle and the second shows him looking through the partition between the back seat and the front of the cab. In both, his face is partially obscured by a blue, medical-style mask.It didn't take Syracuse first-year coach Fran Brown long to figure out the key matchup for Saturday afternoon's Atlantic Coast Conference game visiting Miami. "Syracuse has a really good quarterback," Brown said of Kyle McCord, "and Miami has a really good quarterback (Cam Ward)." With a win on Saturday, the No. 6 Hurricanes (10-1, 6-1 ACC) can clinch a berth in the league championship game against SMU. Miami is a 10 1/2-point favorite for Saturday's game. Syracuse (8-3, 4-3) has reached eight wins for just the fourth time since 2002, going 8-5 in 2010 and 2012 and 10-3 in 2018. However, the Orange haven't defeated a Top-10 team since knocking off Clemson in 2017. Miami leads the nation in scoring (44.7), and the Hurricanes will count on perfect passing conditions in Syracuse's dome. That could be huge for Ward, who leads the nation with 34 touchdown passes, ranking second in passing yards (3,774) and fourth in passing efficiency. Ward's top target is wide receiver Xavier Restrepo, who needs just 21 yards to reach 1,000 for the second straight season. Restrepo also ranks tied for seventh in the nation with 10 TD receptions. Ward has some other top targets, including 6-foot-4, 245-pound tight end Elijah Arroyo, who is a walking mismatch because of his size and speed. He leads Miami with 18.5 yards per reception. Hurricanes wide receivers Isaiah Horton and Jacolby George have combined for 12 TD passes, and Sam Brown has added two more. Each of them has more than 500 receiving yards this season. Miami's running game features battering ram Damien Martinez (739 yards, 5.5 average, eight TDs); versatile Mark Fletcher Jr. (499 yards, 5.7 average, six TDs); and game-breaking freshman Jordan Lyle (361 yards, 8.6 average, four TDs). Defensively, Miami's big-play man is safety Mishael Powell, who ranks second in the ACC with five interceptions. "He's all about winning," Miami coach Mario Cristobal said of Powell. "He's a smart, self-starting team player." On special teams, Miami kicker Andres Borregales ranks second in the ACC with 97 points. He is 52-for-52 on extra points and 15-for-16 on field goals. Meanwhile, McCord ranks No. 1 in the nation in passing yards (3,946) and tied for seventh in TD passes (26). McCord, a transfer from Ohio State, has also set Syracuse's single-season record for passing yards. In last week's 31-24 win over Connecticut, McCord passed for a career-high 470 yards. However, McCord is just 46th in the nation in passing efficiency, due in part to his high total of interceptions (12). Syracuse also has three of the top six pass-catchers in the ACC in terms of yards: tight end Oronde Gadsden II (810) and wide receivers Jackson Meeks (801) and Trebor Pena (743). Gadsden, who is from the greater Miami area, has had three straight 100-yard games. He is the son of former Miami Dolphins wide receiver Oronde Gadsden. Syracuse's run game is led by LeQuint Allen, who has rushed for 819 yards, a 4.3 average and 12 TDs. The issue for Syracuse could be its defense, which ranks 13th in the ACC in points allowed (27.8). Miami's defense is fourth (22.3). Even so, Syracuse coach Brown said he's excited about this matchup. "I heard Miami is going to come deep," Brown said of Miami fans. "It's going to be intense in the stands. It's going to be intense on the field. I think this is a game everyone wants to see." --Field Level Media
AP Race Call: Republican Mariannette Miller-Meeks wins reelection to U.S. House in Iowa's 1st Congressional District