then From mediocre to the brink of chapter 11, in 30 years
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Seagate is manufacturing, not high tech. Seagate could be high tech, but keeps closing or selling off anything that is not manufacturing.
Seagate survived longer than it should have because of the former success of the actual FAANG companies. With the woke induced GFC 2.0 on the horizon and the lack of any new exciting tech**, they'll all suffer and that spells disaster for this commodity producing company.
**AI is very old technology. I may be wrong, but I don't see it saving commodity based corporations like Seagate. If fact, if AI becomes what they're threatening it will be become, that doesn't bode well job creation.
Also there is no I for InBev, T for Theranos, or E for Enron!
Seagate was never FAANG. You can tell, because FAANG doesn't have the letter S in it.
It all started going downhill when we stopped sending peeps to NZ for EcoSeagate. If we were still doing that, and using Design For Six Sigma, we would rule the world. Instead we have empty Muse Rooms and board games collecting dust. Sad!
Seagate? FAANG? Surely you jest.