Management high hope HAMR will rescue their “iron rice bowl”. Western Digital must be laughing loud now. It’s not about capacity, it’s about competency of CEO
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as @mjw+1mvA3BQq wrote, it is about customer acceptance and scaling time to reach accretive revenue, and that's too far away, so sell assets and cut costs is it near term
I am not worried. Seagate Longmont has a bright future all this will pass and we will be the number 1 employer again.
Scaling the HAMR is the challenge? What do you get when there is a constant state of layoff, a pay cut during inflation, and have a schedule that resembles a kids Christmas want list? Absolutely, nothing. The Seagate version of the SS Minnow is now on on Gilligan's Island and we are trying to create a radio with coconuts.
Bankruptcy in 2024
- Nobody cares about HAMR--
- We need to sell more 20/22TB CMR/SMR we can produce NOW and have plenty of manufacturing capacity but nobody is buying.
- There is no Osborne effect either, which means customers are not spending because they are eagerly and patiently waiting for the promised 30TB+....nope.
- SSD/NAND inventories are super large as well and pricing is at the bottom.
Customers spend and cut deals there first before looking into spinning rust.
WD has ssd roadmap.what does Seagate have apart from HAMR
BTW WD is not laughing at anyone, they are also witnessing what you can accomplish with horse sh$t management.
No Hammer time for a minimum of 1.5 years or longer. Again the technology part is working but being successful at scale is a completely different issue. It’s all about wafer yield and yield on new products is frankly terrible. With the unforced errors made by the Executive Team I’m afraid the once Great Ship Seagate is heading to the bottom. Heavy D will eating pie at the Crusty Crab counting his millions.