My opinion is that the Seagate is a small boat in the middle of the ocean. Unfortunately, the company has completely lost its compass. What vision do they have for Seagate in general? Can you imagine this company in two or three years? I am not at all optimistic.
It's getting harder every day to continue working here. Motivation is astronomical low.
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Agree 100% with 21xb, especially the HAMR comment. It's about a decade too late for HAMR to have much of an impact.
What were you expecting? It's just a hard drive manufacturing company. It will last as long as spinning media hard drives still have customers. It's just not going to be anything else. There were a few chances in the past to branch out but those ships have sailed long ago and Seagate is now a tanker loaded up with debt. The chances I'm speaking of were to merge with a NAND chip maker, and/or become a mass storage warehouse company. Seagate engineering has done and amazing job at keeping the PMR hard drive technology progressing and alive to be viable against solid state. I thought it would be done by now too. Maybe 4-5 years left before capacity increase stalls out for good and improvement turns totally toward "services" and cost reductions. If HAMR had any chance of being a money making product that ship sailed many years ago too. So, there you have a realist assessment. Not sure what kind of miracle you were expecting for the company.
Seagate is not a small boat, it is a giant ship sinking. I'm surprised it has lasted this long. I'm not blaming the tech, I'm blaming the management.