Revenue at $2.3b, down 10% YoY
26% gross margin
Riffed an SVP. Unfortunately not SVP business excellence.
Any other results?
When will q revenue be below $2b?
14 replies (most recent on top)
Without MR who will lead the company's corporate strategy of maintaining a toxic culture and running the company down to 0 revenue as quickly as possible?
No, it's the right MR. His full name is Magneto. Magneto Resistive.
I believe we are talking about a different MR. it’s obvious that the information has not made it to everyone. THIS MR was let go just a few weeks back, along with his good for nothing cronies. This one wore bro-glasses not a bro-tail.
HAMR suppose to ship in 2018.
“Testing HAMR was uneventful” because the drives just plug in and work, and unit effectiveness rates
were the same as any generic pre-release sample hard drive run. The customer did not need to do anything special with the drives, they were plug and play, and they met all expected standards."
blog.seagate.com/craftsman-ship/hamr-next-leap-forward-now/
Well for starters, MR had an awesome brotail. He was so proud of it, he walked around with a self-gratification grin that would never quit. I was quite jealous that I could never achieve that level of brotail.
Beyond that there was ............ hmm, I'll have to get back to you on that.
Someone can answer about MR. I think from a stack rank perspective SVP JM should have been gone a long time ago for adding little to no value to the business for her bloated budget
Can you enlighten us what was good about MR? I actually never understood what his job was for the last 3 years. Good riddance.
Thought HAMR drive with 20TB capacity will be launching end of the year?? Not??😂
SVP MR is gone but SVP JM is still there? Get rid of good people and keep incompetent. How does DM make these decisions?
I've been told HAMR is ready to ship in volume next year every year for 10 years now. The people that have said it's just for investors consumption so far have been correct. Here's hoping for the 2021 mass volume HAMR product shipments. Stay tuned. Right around the corner.
There is no strategy under this CEO. the apparent strategy is raise the dividend 3 percent per year, slowly reduce headcount and expenses, and since Hamr is not profitable until 32tb slow ramp until then and then go bankrupt 1 to 3 years later when credit markets stop lending to the company because HDD is EOL. Sounds like a winning company.
Can anyone tell me the strategy to innovate, create products with positive ROI, and grow revenue? ....exactly.
Riffed because company has no strategy for growth and nothing to do. All cash goes to investors until bankruptcy.
Why was SVP MR riffed