The problem with this company is they would rather rift a few thousand more employees before cutting the share dividend and reducing the earnings per share (EPS).. Ask yourself this. Who benefits from this misguided strategy. The millions of dollars that have been wasted keeping the share price artificially high at a cost to jobs and capital investment in the company . Some of the tools are so old spare parts are hard to find. Not of course forgetting the refinancing that was needed back in 2008. These loans need paying back starting 2018. Did anybody think that it might be a good idea to put a little away to settle these debts. Hell no, let's just keep throwing the dollars at the share holders, we can always take out a fresh credit card and transfer the debt...It isn't any wonder SL has taken to the lifeboat, because this ship is heading towards one mother of an iceberg...
Well said, @Oo1tyKv-1rbz. And now when we are seeing the fallout, we know Seagate's shareholders will not suffer for it, since there is plenty of us to let go before that.