generally a board of directors has 2 jobs:
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Hire or fire the CEO
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Keep or sell the company
Should the CEO be fired or the company sold?
20 replies (most recent on top)
My ex-director got layoff because he refused to layoff his team
Maybe this is the same reason why DM take SL place
Because SL refused to sell his company
The most important thing is to restructure the management team, then we can be "more profitable" again
Phase 1 Mosleys robots are going to kick a-- and dominate stx manufacturing. Phase 2 robots will be gradually introduced to Hamr mamr. Seagste BOM costs will be rock bottom. WDC or Chinese NAND cannot match Stx cost structure.
Dividends will flow quarterly like a river. Long live STX
A lot of China nand is coming online to pick up those markets and it will crater nans pricing overall.
The storage need WON'T be met.
Does IDC and Wells Fargo address what area of storage will grow to eat up that loss? Which nand manufacturers are supposed to cover that storage need while they are currently cutting capital?
"The Future is NOT bright for STX
https://www.theregister.co.uk/2018/12/17/nearline_and_spycam_disk_shipments_to_grow/"
If the story is correct, Seagate could cut Normandale loose by 2021.
Micron would never buy Seagate, and Seagate can't afford to buy Micron. Let Valueact harvest Seagate's organs while the body is still warm.
The Future is NOT bright for STX
https://www.theregister.co.uk/2018/12/17/nearline_and_spycam_disk_shipments_to_grow/
Count stx days, good days are gone, now neutral, next year from the beginning expect very bad days. Rest In Peace RIP#RIF
Valueact is on the board, they invested $1.2B, one would think they would be looking for a return on their investment. It would not be a merger with Micron, not equals, it would strip STX for parts.
The board = rubber stamp. Rewards failure. Don’t look for them to do anything except collect pay for doing nothing
Merge with Micron, retain all top management of micron, kick all the Top HDD execs and stx SSD execs out.
Peace on earth
Mmm.... huge lay.
Sounds good to me.
Company should stop paying dividends and pay for the huge debts. Innovation is dead, DH is wate of money. AnywY huge lay in next quarter is inevitable.
Seagate’s Board has not been effective for a number of years. Cannot imagine how they could have appointed the current CEO given his record of bad decisions over the years. The Board did not even hold anyone accountable for all the strategic management failures over the past few years.
It would at least give the remaining employees a clear end game instead of pretending all is going to plan and 25 zetabytes by 2022 or whatever the current number is.
A new CEO isn't going to fix what's wrong with Seagate. Might as well unleash Valueact to slash costs. A boost in the short term, but same result in the long term.
If all r and d was cut it could provide a decent return at a low enough sale price
Who would buy it? Everything Seagate does is a commodity now.