Biz Break: Warriors’ business turns to playoff games and dollars

Top Of The Order: 

73 And Counting: Unless you live in North Korea, you should know by now that the Golden State Warriors publicly humiliated the Memphis Grizzlies Wednesday night, 125-104, to win their 73rd game and set the NBA record for most wins in a single season. And now, the business of the playoffs begins.

The Warriors will take on the Houston Rockets on Saturday at the Oracle Arena in Game 1 of their best-of-seven first-round playoff series. The Warriors need to win 16 more games to repeat as NBA champions, and it is conceivable that they could play as many as 28 more games during the playoffs over the next two months. Or, in other words, they will play between 19.5 percent and 34 percent of an 82-game regular season before we know if Oakland will be cleaning up tons of blue and gold confetti after another Warriors victory parade through downtown.

In the meantime, all those playoff games come with a price. Head over to warriors.com and you will be directed to the Ticketmaster site where, at least for now and for Game 1, you can buy a “resale” ticket for Saturday’s game for as low as $210.87 in the upper level. That’s $181 for the ticket and another $29.87 for the always-welcome “service fee.”

But, say you don’t want to need a pair of binoculars to see Steph Curry swish ridiculous three-pointers, and you have an extra $24,527.96 just burning a hole in your kid’s college-savings plan. You can use that dough to pick up two Courtside Club seats on the floor next to the scorer’s table, and maybe next to Kanye West and whatever other celebrities want to make the trip up from L.A. now that the Lakers and Kobe Bryant are done for the year.

But, hey, if you don’t have the dough to go to one of the Warriors games, you can at least show your team pride with one of the official pieces of team playoff merchandise. You can crack open a cold one with your new, $5 Playoffs Bottle Opener Keychain. Need to keep you or your wife warm? The Columbia Women’s 2016 NBA Playoffs Mighty Lite Vest can be yours for $130.

Really, though…Can you put a price tag on your love of your team?

Middle Innings:

Well, That Was A Hard Drive: And in the case of Seagate Technology, that drive took it off the road and, metaphorically at least, down a cliff.

Seagate shares fell 20 percent to close Thursday at $27.11 after the Cupertino-based disk-drive maker said it will report quarterly results that are worse than it previously forecast. Late Wednesday, Seagate said it that for its fiscal third quarter, it will report revenue of $2.6 billion and a profit margin of 23 percent, excluding one-time items.

There are two problems with that estimate. And they are that Seagate had earlier said it expected revenue to come in at $2.7 billion for the quarter, with a profit margin of 25.6 percent. Seagate said there were several reasons why its results weren’t up to snuff, including lower-than-expected demand for disk drives from business customers, it own decision to “not aggressively participate in the low capacity notebook market,” and a shortage of demand coming from China.

And since Seagate is ill, there are several other storage and memory companies that caught its flu. Rival Western Digital saw its shares give up 6.7 percent, memory chipmaker Micron Technology fell by 4.4 percent to $10.40 a share and data-storage company NetApp ended the day down by 4 percent at $25.64 a share.

Seagate’s case probably wasn’t helped by the latest reports on worldwide PC sales, which Gartner said fell more than 9 percent worldwide during the first quarter of the year over the same period in 2015.

Bottom Of The Lineup:

Here’s a look at how some leading Silicon Valley stocks did Thursday…

Movin’ On Up: Gains came from Aemetis, Synaptics, RingCentral, LinkedIn and Polycom.

In The Red: Decliners included Cavium, Silicon Graphics International, NeoPhotonics and QuinStreet.

The SV150 Index of Silicon Valley’s biggest companies was trimmed by 0.2 percent.

The tech-focused Nasdaq Composite Index ended the day at its break-even level of 4,945.

The blue chip Dow Jones Industrial Average barely moved, adding just 0.1 percent to close at 17,926.

And the broad-based Standard & Poor’s 500 Index also closed where it started at 2,082.

Quote Of The Day: “Just the energy in the building was unbelievable, so I wanted to just appreciate that.” — Warriors guard Steph Curry, on the feeling of looking around the Oracle Arena during the fourth quarter of the team’s record-setting win over Memphis. Curry also set a record by making 402 3-point shots during the season.

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Photo: Warriors guard Stephen Curry walks onto the court after the team won its 73rd game and set the NBA all-time winning record against the Memphis Grizzlies at Oracle Arena in Oakland on Wednesday. (Doug Duran/Bay Area News Group).

 

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