Seagate Technology Inc.: The Scotts Valley, Calif.,...

Seagate Technology Inc.: The Scotts Valley, Calif., maker of disk drives for small computer systems reported first-quarter net income of $23.4 million, contrasted with the year-ago period’s $52.8-million loss that the company attributed to overproduction and over-staffing. Net sales increased 25% to $378.9 million.