CEO & CTO said this. Hope Seagate will recover from this down trend soon
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Yes 32T moving ahead in Quals!
I got laid off in 2019. This is deja vu all over again.
CEO and CTO lied.
The average drive capacity shipped is 6 TB.
Drives shipped by quarter in 2010 160 Million Drives down to 33 Million drives in 2023 (WD, STX and Toshiba combined)
So let's imagine customers only buy 30TB drives and demand of bit shipments does not go up. The industry just needs to produce 7 Million drive instead of in 2010 160 Million drives.
Let's hope WD or Toshiba gives up before Seagate making HDD
It’s going to flop so hard in the real world. There’s zero ability at the company to support volume. Even if big orders come in the company hasn’t invested in the capacity to produce them. NRM expansion still dead. This will be a small volume product of no financial impact. There isn’t going to be mass adoption anytime soon because Seagate can’t produce. It’ll be a marketing tool for a few years at best until mfg capacity is online.
Right now, the customers have to be reviewing the precariousness of both our and WD's financial positions. Over 75% of the market has evaporated since 2010, with no real end in sight. We're supporting a ridiculous dividend and WD isn't in a good position in either HDD or SSD. If I were a potential customer planning to commit a substantial amount of money in a new data center, would I go with companies that probably not be here in 3-5 years, or would I go with SSD? HAMR is beside the point.
@1iiq+1 good point, we know the customers play us off each other and will continue too Moreover, we know more TBs without a higher ASP will continue to affect margins and profitability
If you think customers are going to reward us for HAMR, think again. It's just another 30TB drive. WDC already has 28TB. Customers don't care how much we had to spend, their job is to limit our profitability and value while making sure WD and STX never get too far ahead of one another. Sorry, that's the truth.
Finally the golden era of Seagate has come
Is it finally ready to ship by the end of 2016?
Thanks everyone for the pay-cut to maintain the STX Dividend 🙏🙏
From the bottom Of the heart ❤️❤️
Best regards,
B.D
Man, they are really trying to pump this stock. Remember they sell into your buying. Then you are stuck with huge loss when stock crashes.
What say you regarding this post, LCO Core Team Lead?
CEO or CFO saying anything but HAMR being a massive success would spook investors.
@OP+1 sure it is
Sledge hammer or Iron hammer..
Both are available at HomeDepot/Lowes