seagate

Chris Nuttall

Seagate’s FreeAgent Theater media player, announced at CES and now available, seems almost a retro concept for getting digital media files playing in the living room, given all the talk this year of bringing the internet to the TV.

But if you have still failed to grasp the DLNA standard, have ever struggled to set up a Wi-Fi connection to a set-top box or television or endured the frustration of seeing your streaming picture steadily deteriorate and freeze, the FreeAgent Theater is something of a hassle-free charmer. Read more

  • Tech Mahindra won the auction for a controlling stake in Satyam Computer Services, the disgraced Indian outsourcing group. Tech Mahindra, which is partly owned by British telecommunications group BT, will pay $353m for a 31 per cent state in Satyam, which is still reeling from an accounting scandal that has made its former chairman the target of criminal investigations.
  • Seagate scrapped its dividend payments and raised $430m in a secured bond issue as it tried to weather the steep downturn in the diskdrive business. The latest evidence of collapsing profit margins wiped nearly 5 per cent off its share price, even as the company gained market share.

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Chris Nuttall

Bill WatkinsTech journalists will be mourning the departure today of Bill Watkins as chief executive of Seagate Technology, the world’s biggest maker of hard-disk drives.

He was the most candid and colourful CEO in Silicon Valley, never afraid to tell it the way he saw it and provide a great quote. Read more