Thread regarding Seagate Technology Inc. layoffs

hamr is ready to rock, the tugs are ready to roll

Ah, Seagate has 5 billion in debt and we got what for it? At least WD got something for theirs.

Ah, the logic. You are saying WD's debt is bad because they invested in a future-oriented, growing market? What do you say about STX's debt in a dying/dead market?

Must be a Seagate exec on the forum! Yes, WD will get better and thank you for your confidence.

Samsung is an incredible company with great technology. Losing share to a company like that is okay because the pie is only going to grow for the next 20 years. In 10 years no one will know the STX name.

LOL @ 6zmq.

"WD is down due to lower HDD sales from pulling out of low profit or unprofitable HDD markets."

You sound like proud member of the WDC work force. Keep your chin up, little buddy. Stuff will get better

3beq mentioned Trump. You can read, right?

Fact: WD share of enterprise SSD market has declined, while Samsung has increased, mainly due to roadmap delays and poor execution.

Net debt of $6.5 billion is just more SHlT on the urinal cake.

So you can have your cake and eat it to. Enjoy.

News this morning is WDC downgraded because of SSD competition and risk of dividend cut.

https://www.cnbc.com/2019/01/14/chipmaker-western-digital-falls-after-evercore-isi-downgrade.html

WD is down due to lower HDD sales from pulling out of low profit or unprofitable HDD markets and you think that is driving stock price. Wow, keep investing, it allows the rest of us to make money in the stock market with your misinterpretation and lack of understanding of data and drivers.

Who mentioned Trump?

Wd is down on a combination of dismal solid state performance and declining hdd sales.

Read the news before you start calling people 'Trump' just because you are to narrow minded to consider all possiblities.

Feb will only be a nice month for exec bonuses as they prep for major March layoffs

WD is down due to the NAND business and current oversupply and not MAMR.

Looks like Trump is on the board with alternative facts.

Earnings call is coming with truth of down revenue in what is usually the best quarter of the year. Fact.

Yeah, hamr is fake and mamr is real.

That explains why wd stock is down 65% in the last 10 months, while stx is only down 30%.

Looks like wd was the better stock to short.

Years from now, pony tail will be celebrated and admired for his insight and craftsy intellect, not unlike steve jobs, al shugart, and bill gates.

I also want to thank everyone at seagate for doing such a phenomanal job. Your hard work and dedication has resulted in numerous bonuses, RSUs, and raises. I anticipate Feb will be a nice month, if you like cash.

Cheers, and happy new year.

Facts

HAMR is more expensive than MAMR and makes sense for MAMR to come first. Seagate will lose money for years while WD will make money

Yes, WD is looking at HAMR and maybe deliver later when money can be made

WD has been first to market at every cloud drive for at least 5 years. They will be first at 20 and 24 too.

STX has samplwd HAMR for 4 years and where is it?

mamr is all pie in the sky, don't see any demos anywere of it in action

"However, Western Digital has revealed that they’re also conducting research into a competing solution called heat assisted magnetic recording (HAMR). HAMR is what Seagate is using for its recently announced 16TB hard drive. It operates on all the same principles as MAMR, but instead of using an electric field to energize the hairs, it uses a tiny laser that heats up the platter to 400C to 700C degrees.

It’s surprising to hear Western Digital is investigating this route, considering they’ve previously declared the laser made it too expensive, and the constant heat too unreliable."

So why would WD bother if they were so committed to MAMR? Answer: There isn't much gas in the tank with MAMR.

hamr works also 16tb out with key customers, hamr also passed all internal tests

"Western Digital’s CEO Michael Cordano revealed at a finance meeting last month that their 16TB hard drives have passed all their internal tests and are in companies’ hands right now. He also revealed a new roadmap, that shows 16TB and 18TB hard drives launching this year and capacities of at least 20TB launching in 2020."

HAMR pass all internal tests yet? Ha! Seagate is screwed is such an understatement. We've been lead by people blinded by egos and ponytails. The rest of the research group principles that insisted that we shouldn't spend a single dime on MAMR because they knew it all and it would never work should all be fired. HAMR has been a religion at Seagate and anyone who thought who rightly thought it was the wrong direction (i.e. the smart people) are gone or languishing in lower level positions due to heresy.

I can't short Seagate fast enough. Missed my chance.