Today 29/11/2010, the Board of Directors of Seagate has ended discussions with several private equity firms about a possible deal to privatize Seagate. "The signs, the price range is not the best benefit for the company and shareholders", Seagate said in a press release. Last month, the company said it had received an early sign of an interest in such agreements and has negotiated with an unidentified third party. Also on Monday, 29/11/2010, Seagate has launched the first forecast for the current quarter (ending 31/12/2010), after declined to forecast when reporting quarterly financial results the first day.

Seagate said it expected revenue of at least $ 2.7 billion, down from around 3.03 billion USD for the same period last year. The company expects gross margin for the quarter was 19.5%, down from 30.5% a year earlier. However, Seagate said they believe that the demand for hard disk drives has increased, with total market is expected to reach nearly 170 million drives this quarter. This figure of last year to 160 million hard drives. Due to reduced product prices, income and may also shrink profit even when the number of drives launched increase. Seagate said its board has allowed the company to buy back more than $ 2 billion worth of its shares to maximize shareholder profits