Seagate drops in the Lighthouse Systems Index

This month the Lighthouse Systems Index has 4 top positive movers who have each gained 3 positions. These firms are:
– Texas Instruments(TI) which has teamed up with Ericsson, to develop new mobile phone technology
– Nintendo which has continued to improve its position based on the amazing sales of its widely popular Wii consoles. The company has announced a tripling of its operating profit and has also raised its annual outlook.
– SanDisk which has announced some excellent financial results
– Microvision have also announced some excellent financial results and have also joined hands with Motorola to develop projector solutions for mobile applications

The troubled mobile phone chipmaker Qualcomm has also posted an improvement of 2 positions this month and has entered the top 25 of the Lighthouse Systems Index. The firm is still fighting patent disputes and faces a ban on the import of its chips in the US.

The top loser this month has been Seagate as the firm has apparently failed to win analyst focus over even with the release of its Cheetah NS Mission Critical Hard Drives. The integration of the hard drives by Xyratex will hopefully bring the company’s products in better focus. Ricoh has also lost 3 positions and has dropped out of the top 25 to end up at 26th spot. The firm appears to be losing focus as the news of it acquiring IBM’s Printing Systems Division is growing old.

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