Larry,
"Can this thread sue Fortune for plagarism?"
No. From SI Terms of Use:
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"And then the article gives a simple, brief explanation of the cyclical nature of drive stocks (that was supposed to be history, as recently as one or two weeks ago, according to many posters on the drive stock threads)."
No, the cyclical nature of this business was never supposed to be "history". It was supposed to be lessened. And it is. As several analysts have noted, in the past all of these would companies would be posting losses, not dimished profits. Even SEG posted an operational gain in a disastrous quarter. That isn't to say that someone may not post a loss in coming quarters. However, even so, this environment is nothing compared what happened back in '93 and throughout the late 80s. Al undoubtedly said "I don't think anything has changed", but his next phase is important, and qualifies the first comment in a significant way--"There are just fewer people to muck it up." However, I'm sure it feels more similar to the past to Seagate management than to QNTM or WDC, because everyone knows that the high end is where the most growth will be, and more players are angling to get a piece of it. And that of course is where Seagate is focussed the most heavily. |
