Seagate’s suffering from mighty profit droop syndrome

Major droop alert: as per its preliminary warning, Seagate’s revenues and profits tumbled on the annual compare. Revenues of $2.9bn in its first fiscal 2016 quarter were 23 per cent down on the $3.79bn reported a year ago while the $34m profit was a whacking great 91 per cent lower than the $381m recorded a year ago. That …

[Gannettt]

It isn't nice being out in the cold. Perhaps they could keep warm by running one of their own drives!

[Gene Cash]

SSDs and an obsolete tech

Aren't the Seagate/WD financials a bit like Kodak/Polaroid when decent digital cameras showed up?

[WatAWorld]

If Seagates drives didn't fail so frequently they might have been able to hang on

If Seagates drives didn't fail so frequently they might have been able to hang on.

[ThrockMorton]

The tech market knows !

WhataWorld is bang on.

Have a look over here for why Seagate is doing badly:

http://www.extremetech.com/computing/198154-2014-hard-drive-failure-rates-point-to-clear-winners-and-losers-but-is-the-data-good