"OUR LEADERS: PAYING CAREFUL ATTENTION" "Responsive. Transparent. Accountable."
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Seagate senior staff: what the fukc did you expect? They are a bunch of finance wonks, not technologists. They don't see a smart engineer as a long-term asset. They see them just as kindling, like a piece of newspaper, to burn up fast and get the fire going. The fire being the value of the stock holdings of the senior staff. Duh, as donut eater would say.
ONLY SOLUTION: engineers need to look after their own interests and LEAVE SEAGATE. Unless you trust senior staff to look after your interests...
PAYING CAREFUL ATTENTION: who doubts the CEO and senior staff are paying careful attention? It is what they care for that we should be debating. Or perhaps not. I believe there is no question that the senior staff is paying careful attention to their net worth, and how to increase it. Simple. If layoffs of hundreds, or thousands of worker bees is necessary to maximize wealth, so be it. Have phun working a senior staff that sees you as a beast of burden, ready to drop you as soon as you ask for a drink of water. Or maybe I'm wrong. They probably love you.
Valuact are the only ones who can do something. They have over a billion at stake. The rest of the board works for the CEO and collects a sweet paycheck
Wow. HDD's continue to be overtaken by SSD's while STX's management keeps whistling past the grave yard.
Their incompetence is criminal.
We have no work to focus on. There are 5 design centers building 3 products and lots of down time.
Why don’t you geniuses go run a company of your own? Or is it that you are too lazy to do that and have no work to focus on ?
I do not understand the "paying careful attention" part of this. As execs and board members - is it implied that they are paying attention very carefully and being good stewards with investor money?... maybe not with some of the hires DM has brought to the table and now the CIO running the company.
Also time to get a new marketing person if "paying careful attention" is the message to build investor confidence in the dying HDD market for the next year until it is only an HDD data center company with lower volumes then today at lower margin with half the employees
funky messaging ahead of earnings call
If you have to say execs are paying careful attention, are they?
From today's storage newsletter. Data at link.
Only 2.7X ratio and less for flash drives of up to 2TB, but much more beyond this capacity With 3D and QLC NAND coming the HDD market is only very high capacity and STX needs to keep jumping capacity points. With HAMR delayed at 20 TB+ and no MAMR solution flash is going to catch up fast.
https://www.storagenewsletter.com/2019/01/29/price-comparison-between-hdds-and-ssds/
Or it should read: “Our Leaders: A bunch of id--ts!”
It should read: 'Our Leaders: Oblivious and reckless with the corporate coffers" "Divisive. Vengeful. Ignorant"