You know, at one time there must've been dozens of companies makin' buggy whips. And I'll bet the last company around was the one that made the best goddamn buggy whip you ever saw. Now how would you have liked to have been a stockholder in that company? You invested in a business and this business is dead. Let's have the intelligence, let's have the decency to sign the death certificate, collect the insurance, and invest in something with a future.
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"Whiners, losers, etc."
The problem is that revenue and income has been decling year-over-year for many years and Seagate has never been successful at producing anything but HDDs. And the use of HDDs as data storage has been relegated to mostly archival storage.
What competition? Seagate already bought all the buggy whip makers except one, and they're going to merge sooner or later.
What
Stock price is at an all time high. Make $1B in profits. Competition is rolling in trash. Bonuses are paid out. WTF is the issue ?
Ah, I get it. Whiners, losers, lazy assed floaters...
hard disk drive = buggy whip?
SSD = automobile?
Seagate = buggy whip manufacturer?