Thread regarding Seagate Technology Inc. layoffs

Blocks and Files sees STX selling flash and systems business

Blocks & Files thinks we might even see the company offload its enterprise systems and flash businesses. If it can do better with dollars invested in making disks rather than arrays and SSDs, then it may decide to concentrate everything on disk drives and spin off the array and SSD distractions.

https://blocksandfiles.com/2019/08/05/seagate-q42019-earnings/

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Post ID: @10pDZOju

7 replies (most recent on top)

Ssd is really a burden for stx. I think they should get rid of the 600M acquisition and call it a failure. Just concentrate on what they know how to do. SSD people are just a drain without any stopping for a foreseeable future

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Post ID: @10pDZOju-7pcr

Seagate is screwed - get the hell out of there now !

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Post ID: @10pDZOju-3rop

How much longer can it lose money or breakeven on those businesses? Competing against Samsung and the Chinese - this is not the way to keep business after HDD.

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Post ID: @10pDZOju-3fsr

I don't think Seagate is going to get rid of SSD. They know HDD will become less storage solution in the future.

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Post ID: @10pDZOju-2eha

Seagate missed the boat on SSD. No way they can compete in that industry now. May as well sell it off and just be a dinosaur company that milks disk drive revenue. Not much growth in that though.

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Post ID: @10pDZOju-1xyd

Seagate going back to Tape drive with HAMR!!

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Post ID: @10pDZOju-upx

Get rid of those money s—ers

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Post ID: @10pDZOju-xdq

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