We'll have to wait a couple more years before this farce is completely up I think. I'd love a layoff pack and then get a better job. I'd have to fight rampant age discrimination in hiring practices, but I bet I could get something comparable within 3 months. People will say quit complaining and leave now, but they do not understand how much money would be passed up. I'd have to get a huge salary bump to make it worth while. People still here have work ethic and it is a core principle and so do not get high on the layoff list. If Seagate really wants to get rid of all the old experienced people right away, they can cut the severance package. That would do it, but they don't want to do that quite yet. LOL.
19 replies (most recent on top)
Geezus H Khrist.
It's like trying to talk to a monkey that has a degree from the Trump school of business.
To: "we will crush you"
The very first link that I opened from your list of links (SSD prices: how low will they go?) says prices are as low as they are going to get and all the new capacity coming on line is not going to be enough to keep up with demand.
That is why Seagate just had another phenomenal quarter and will be reporting many more to come.
Thanks anyway, butt a 1T ssd wouldn't even make a dent in my p--n collection. For $100, I'll just buy the 12T Watkins Memorial HDD.
This isn't just about layoffs, but job security at Seagate. Given Seagate inability to successfully participate the the SSD market, and the potential slow decline of HDD sales as customers migrate to SSD, the posts are completely relevant.
@UwBRZZn-7ajr .Yes, this is about layoffs but 90% of the posts on this board are not about layoffs .Let the guy tell it how it is.Are you worried it might true what he is saying?
OK, fine....this is a layoff board. What is your point in posting your analysis here? You sound like a Wall Street shill to me so why not post this on the Yahoo board instead? You are either a disgruntled ex employee or a person with a screw loose IMO.
To be clear the prediction was 50% NAND price drop by end of 2019 FROM THE PEAK. Apparently you boneheads out there don't know that the price has already dropped 20% from peak already this year, and we are nearly halfway to my prediction being true already. Regarding NAND supply not keeping up. Ha, the upcoming recession will take care of the TAM and bend it down nicely resulting in loose supply continuing. We will all see what happens and who is closer to being correct, and it won't take long. You don't need SSD / HDD price parity to make 100% SSD the obvious choice. SSD offers a lower total cost of ownership at a much higher price per GB.
1TB SSD is getting towards low $100. Soon, the price difference will be insignificant between SSD and HDD where SDD clearly shines. The consumer no longer paying 9 times the price to gain 9 times the speed differences. The price of HDD is at the lowest point, how does Seagate continue to make the margins?
SSD gaining stronghold over storage is an overstatement.
There are still juice and meat in magnetic hdd, long live seagate.
6ebh
Everything you linked were written by pundits who pound their chest and claim they have a clue. There are three undeniable facts here:
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Those pundits have a stake in SSD in one way or another. Even indirect, by way of working for publications or interests who are pumping SSD for their own agenda.
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There is no way that SSD can even keep up their portion of the growing demands of storage. There isn't enough plants to make the chips required to exponentially grow the amount of memory needed to make a dent in the overall storage demand.
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The price collapse will put a damper on the capital spending required to grow memory supply. Right now chip companies are their own worst enemy as they try to outproduce each other to a point where no one makes any profit.
I didn't say things weren't changing.
I said show me the 50+% percent price drop prediction for 2019.
Thanks anyway.
There are trending indicators for SSD. It might not be felt directly on the ground, but things are definitely changing for storage industry.
SSD Prices are dropping Significantly
https://www.guru3d.com/news-story/ssd-prices-are-dropping-significantly.html
SSDs get bigger, while prices get smaller
https://www.networkworld.com/article/3274655/storage/ssds-get-bigger-while-prices-get-smaller.html
SSD Price Drop Will Drive the Adoption Rate of SSD in Notebooks to 50%, Says TrendForce
https://www.dramexchange.com/WeeklyResearch/Post/2/4930.html
SSD prices continue to fall
https://www.techspot.com/news/75038-ssd-prices-continue-fall.html
NAND Flash Oversupply Drives SSD Prices Lower
https://epsnews.com/2018/06/01/nand-flash-oversupply-drives-ssd-prices-lower/
https://www.zdnet.com/article/ssd-prices-how-low-will-they-go/
SSD prices: how low will they go?
Ha ha.
Well said, Azz.
Where are these goof balls coming from. WD? LOL.
Keep up the good work , Hamr guys.
Semper fi.
"Probably even more by end of 2019"
LOL @ 4wmy.
Ok, Donald, if you say so.
Let's all make baseless claims and spew them as facts. Even Trump knows if you say them loud enough and be as crass and derogatory as possible in the delivery, the base (a.k.a. deplorables) will believe you and, like magic, you have your fake news.
Not buying your koolaid.
There is no technology currently in the works that will make SSD 50% cheaper at any time in 2019. (Oh wait, you said "Probably even more".) Feel free to share your verfiable facts or links.
You'll understand if I don't hold my breath while we wait for you to get back to us.
HAMR - No, the pretense will be kept up for sure. LOL. Don't worry about that. It's a religion now. Maybe through 2020, but I can't imagine it going much beyond that without a high volume profitable product being sold. A half-a$$ money loser fake demo product will not suffice, especially if MAMR produces even a tiny percent of the over promises. Remember that as the world waits for HAMR/MAMR, SSD drives will be dropping 50% in price. Probably even more by end of 2019. The business case for HAMR, or whatever is left of it, will become impossible to sell. Remember Kodak scrambling to put out digital cameras when 90% of revenues were still from film? Too late. Fail. Bye-bye.
Is there actual evidence that we're abandoning HAMR, or are you putting it out there because it just seems logical? Can't imagine the executives would give up the pretense because that would just confirm what Goldman said today. If they admit it, then the stock would really fall.
I guess you are shorting the stock right now.
STX has officially peaked. I think STX will end up with 1 last US HDD design center with closure and/or 100% SSD conversion of the other announced late 2019 (as I posted this plan back in 2016). It almost happened earlier. Once HDD areal density growth is completely abandoned (HAMR), that last US HDD center will also be likely closed in the early 2020's. That will leave 1 Asia HDD legacy design center to service low cost archival storage HDD product designs. How long STX will last as a stand alone after 2020 is questionable, but it if it does it will be significantly smaller in size. For a parallel example, I would say look at what happened to Kodak.
"Shares of Seagate Technology Inc. STX, -6.41% are down 4.2% in premarket trading Thursday after Goldman Sachs analyst Mark Delaney downgraded the stock to sell from neutral. He has a $44 price target on the stock. "We believe HDDs [hard disk drives] remain a cyclical industry, and one facing secular challenges in many parts of the market from the growth of SSDs [solid-state drives] that are based on NAND flash," Delaney wrote. He believes that the company's fundamentals will peak in the second half of the year before declining in the 2019 calendar year. "NAND is oversupplied and SSD prices are falling (and in some cases pricing is down by as much as 30-40% from the peak per our industry discussions)," he wrote. Delaney also said that the company could start seeing fewer benefits from its cost-cutting efforts."
Humble advice : get out of gate as soon as you can
Why quit complaining when there is a potential layoff package to be had? Whine on, dude!
Quit complaining and leave now.