Few years back STX started to buy high cost test systems from outside to replace our own systems which didn't have any recurring costs . Now we are incuring millions of dollars every year. Example of another bad decision.
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if so much mony spent, why they buy these and not fix old ones we have, who they buy them from
Just another case of mismanagement - not trusting your own internal guys.
The punch line here is that the in house system is still being updated and maintained. So there really was no "replacement", just augmentation. A real head scratcher of a decision for sure.
It's obvious the current CEO is setting up the company to be sold.
That's nothing. What about the BILLIONS of dollars spent on stock buybacks over the last few years at the top of the price curve?