back to article Luczo's so-so luck: Seagate switches CEOs, sales fall, 600 jobs cut

Seagate revenues fell 9.1 per cent in the three months to June 30, aka the fourth quarter of its fiscal 2017 year. It has also changed its CEO, and announced a headcount cut for good measure. With the revenue dip and a miss on earnings – $0.65 per share vs the hoped-for $0.98 – the share price tumbled, at time of writing, by …

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  2. Anonymous Coward
    Anonymous Coward

    And in the meantime Steve parked all Seagate's losses in EVault which camouflaged about the last 3-4 years of decline.

    Furthermore Steve didn't have the balls to go all-in on Seagate Scale-Out Storage because Meg and Michael threatened to close the OEM business.

    In short; Seagate had every chance of becoming disruptive in the new ages but lacked because of Steve being an accountant in stead of CEO.

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