Seagate shares cross $50, we are CONFIRMed in a good shape. Company still hiring, who said we gonna lay off in May/September. Those waiting for RIF need to wait long long till your neck broke!
17 replies (most recent on top)
Another bad comment by a guy being RIF-ed by Seagate. Get on with your life DUDE.
You guys must be high.
You'r helium drives leak like a sieve, your firmware is trash, and your ssd products could barely qualify as a thumb drive. Sorry, your company is trash and will soon be left in the dust.
too bad the industry pays first by the unit with the cost determined by cost per Tbyte for that product segment. Tbyte cost goes down over time and now number of units are going down. Yes Tbyte per unit is going up but not fast enough. The bigger issue is some product platforms are being dropped with no replacements planned. This means there are fewer design teams needed. That is what design engineering is facing. Yes more units are shipped on the remaining platforms but that is an increase in factory staff not design teams..
http://www.theregister.co.uk/2017/04/27/seagate_missteps_as_revenue_generator_spins_down/
Seagate is doing great! Check put this rave review:
http://www.theregister.co.uk/2017/04/28/wd_thumps_its_drum_and_says_we_done_good/
Thank you! All the conspiracy theories involving car engines was giving me a headache. The reason why unit count is no longer provided? It's because it's no longer relevant as storage transitions from laptops to the cloud. Analysts now focus on Seagate's exabyte ship growth against cloud growth today and unit count only reflects the disappearing laptop segment.
65.5 exabyte shipped and avg capacity per drive 1.8TB. There is answer for you guys. About 36M units sold.
A car is much more than its engine and the margin is all in the add ons. An HDD is all about $ per GB and the capacity is all visible to the user and all that mayters. Seagate is vertically integrated unlike WD and Toshiba and makes money with every added head and disc. Seagate is leading in SMR and catching up with WD in filling a drive with Helium was a breeze. So You think my freind that the fact that Toshiba is the fatest growing in number of units sold has anythinh to do with how much profit they make? Simply Noooo.
Seagate is not a great place to start a career but its still a well oiled machine and a cash cow and its focus on the core buisness is justifiable. Again this is site is not for conspiracy theories and leaking industry sensitive info. If any of you do that you break the law!!! just alert your fellow employees to get prepared. If companies were more transperent then we would not have needed this medium anyways.
Close down Wuxi and consolidate it to Thailand .this is the latest Rumour
To say the number of drives sold is meaningless is absolutely stupid. Do Auto manufacturers say just because we are concentrating on a particular sector of the market with bigger faster cars we are no longer announcing how many we sell in total across all markets. Instead we are going to announce the combined total of cubic meters of the sizes of engines we have sold. You my friend need to widen your horizons and read more about other companies in this industry. Information you won't find in My Seagate.com.
seagate market cap now 1/2 wd market cap - what happened?
This site is full of WD trolls that spread fake news. Seagate has an edge in high capacity drives and number of units sold is meaningless given its enteprise focus. Keep this site for its intended use to warn fellow employees about layoffs and not to lie and trash an outstanding company. Also move on... layoffs are an integral part of the flexible US company
https://www.theregister.co.uk/2017/04/26/seagate_3qfy2017_results/
"Seagate made a canine evening meal of its third 2017 fiscal quarter – with flattish revenues on the annual compare greeted by a disappointed Wall Street expecting more and marking the shares down 15 per cent. The full year revenue is likely to show an annual decline as well."
Read the rest of the article on the link above. Seagate no longer releasing how many drives it sells and to what sector. Must make for uncomfortable power point presentations seeing those block charts heading south quarter on quarter......
Who posted that top comment. Must have been Steve L himself. Shares plunge $8. Some people just can't see the writing on the wall.
Seagate is behind in delivering competitive products.
This WD announcement was planned to be released today to drive the knife further into Seagate's dying soul. https://finance.yahoo.com/news/western-digital-ships-fourth-generation-115700148.html
And Wednesday morning Seagate is approaching $42.00 per share (-16%), because they missed market expectations. Why did they miss market expectations? Because they did not RIF enough employees to make the company profitable. It is clear that the executives will have to cut a lot more factories and employees to make up for a shrinking market. Denial isn't a river in Egypt...
No more layoffs ever. The rest of the Seagate employees will cruise thru their careers at Seagate happily retiring whenever they choose to. No need of ever having to look for another job.