Updated:04:53 PM EDT Jul 23

rss feed 
top 100
submit news

FREE eBooks

CD/DVD tools
Free Antivir

Expert writing tips from professional writers.

Free essay writing tutorials for students.

Booty Bingo

New Look Bingo

Mummies Bingo

M Jackpots

(C) 2006-2017 TechAmok
All Rights Reserved.

HDD Crisis Was Fake: Seagate and Western Digital Post Big Profits - TechAmok

HDD Crisis Was Fake: Seagate and Western Digital Post Big Profits - [briefly]
05:53 AM EDT - May,07 2012 - post a comment

Hard drive manufacturers Seagate Technology and Western Digital have reported great financial results after such a prolonged hard disk drive 'crisis.'

The Thailand flood came and went and we were left with the hard drive 'crisis'. While the hard drives were almost never 'out of stock' the prices increased even by 300%. Months passed by, but there seemed to be no end to the hard drive crisis, despite the fact that both manufacturers were announcing the restoration of the plants affected by the waters. In a report from earlier his year, we found out that Seagate even managed to increase its HDD shipments with around 2% when compared to the previous year. Where exactly was that 'crisis?'

Now Seagate proudly announces it has decided to spend 2.5 billion dollars to repurchase a considerable amount of its outstanding ordinary shares. Spending 2.5 billion dollars less than a year after buying Samsung's HDD division for another 2 billion doesn't really seem like a company 'suffering' from a 'crisis.' Western Digital, too, has just announced its fiscal third quarter financial results. Despite recently acquiring HGST (that's Hitachi's HDD division) in March last year and also “suffering” from a "difficult crisis," they've made a net income of 146 million dollars, or 62 cents per share.

Add your comment (free registrationrequired)

Short overview of recent news articles

Jul,23 2017 Symantec makes another huge mistake
Jul,23 2017 Core i9 7900X vs 7820X vs 7800X vs 7740X!
Jul,23 2017 AMD Radeon Vega Frontier Edition vs NVIDIA GTX1080
Jul,23 2017 Stranger Things Season 2 Trailer
Jul,23 2017 Thor: Ragnarok Official Trailer
Jul,22 2017 The best pics on the Internet #233
Jul,22 2017 Marvel's The Defenders Official Trailer 2
Jul,21 2017 The Samsung Galaxy Note 8 is coming on 23rd August
Jul,21 2017 Andy Rubin's Essential Phone to Arrive In 'A Few Weeks'
Jul,21 2017 Miranda Kerr's Ultimate Pre-Wedding Detox
Jul,21 2017 Bright - Official Trailer
Jul,20 2017 Blizzard Dropping XP and Vista Support
Jul,20 2017 Jigsaw (2017 Movie) Official Trailer
Jul,20 2017 The Snowman Official Trailer #1 (2017)
Jul,20 2017 The Shape of Water - Official Trailer
Jul,19 2017 Hottest Babes on the Internet #93
Jul,19 2017 Samsung Pay Rings Up Support for PayPal
Jul,19 2017 Samsung Commits to Recycling Parts from Galaxy Note7
>> News Archive <<

TechAmok - Privacy Policy        loading time:0.02secs