Follow lay off in July. DH will be scaled down to 28 employees.
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anymore retrenchment news from all countries??
STX stock is up 30 percent while WD is down 13 the last year. Nice comparison chart here: http://www.wolframalpha.com/input/?i=stx+vs+wdc
So what. The company is hopelessly handcuffed by it's dividend and is in a terminal FREEZE on promotions. There is not a single person in my dept who is looking to hang around this company in the long haul. Comparisons to WD mean nothing to the hard working Engineering staff.
Seagate stock is up 20% since this time last year.
WDC is down 20% over the same time period.
LOL.
All the "experts" that predicted the demise of spinning memory are suddenly in love with it again after realizing all the solid state capacity combined, including what is scheduled to come on-line over the next decade, won't be enough to make a dent in what the world needs to store.
Where did all you negative douchebags think the data was going to get stored? On the back of paper napkins?
LOL.
WD paid 19B for San Disk with huge financed debt. Today’s WD market cap? 23.7B. And Seagate’s? 15.5B. So the original WD + HGST is now worth 4.7B? Yet these WDs troll come here and mock Seagate and question its future.
Big D said it today, more cuts.
I am seeing it popping alright.
Different company and not the same management. WDC flop was due to NAND roll-over concern. NAND prices peaked in March and they lost their pricing power. Since they bought Sandisk, their stocks has barely bulged. Maybe wrong investment? Should have focused on HDD and HAMR.
There are still more than 28 people left at Dot Hill? What makes people think that the Dot Hill bubble is going to burst?
Look what happened to WDC last week after beating expectations: Down 8% for the day. I expect similar for seagate in light of all the layoffs and other cost cuttings. Great earnings, upbeat forecast. And of course, more layoffs to follow.
You wish my friend. Watch that stock pop on EPS beat.