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back to article Seagate income soars with $359m tax break

Seagate posted a boost in fourth quarter income thanks to higher revenue and a one-time tax benefit. Income for the largest US hard-drive manufacturer rose to $541m, compared to $7m a year earlier. Revenue increased about 9 per cent to $2.74bn, up from $2.53bn the same quarter the previous year. Seagate's income rose sharply …

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  1. Anonymous Coward
    Anonymous Coward

    Tax break for what ?

    What was the "$359m tax benefit" for ?

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  2. Peter

    $7M

    ...........compared to $7m a year earlier........

    seems a bit low, are we sure on that one?

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