Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Seagate Technology - Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: MikeM54321 who wrote (1095)	8/24/1999 10:12:00 AM
From: Robert Douglas	Read Replies (2) \| Respond to of 1989

Mike, Re: Seagate's workforce cuts. It looks like everyone (HDD makers) is cutting back, but no one admits to giving up market share. <g> I wish Stitch were still active. He could probably tell us whether or not this was just a shift of production to somewhere else. I really can't draw any conclusions from it, and if I did they would surely be positive! This may also be a mild negative for Singapore but I believe that the coming growth in Asia will more than make up for the lost DD business that they are experiencing. It seems that the old Asia Forum has turned into an exchange of political ideas rather than focusing on economic topics. Economic growth is never as interesting to talk about as economic woe. I think this Asian growth cycle is becoming firmly entrenched and could last a decade. -Robert

To: MikeM54321 who wrote (1095)	8/24/1999 1:12:00 PM
From: Mark Madden	Read Replies (2) \| Respond to of 1989

Mike, In addition to Sam's comments, IMO the industry needs to cut production in the short term to get aligned with supply. Seagate may not be willing to cut jobs in the short term if they expect demand to increase sharply next year. However, this is a great time to automate some tasks (while the demand is low) an be ready for their expected demand increases next year. With this plan the job reduction will help margins in the short term. I have read and enjoyed many of your posts in the SI communications sector. Your broad knowledge of bandwidth increases in the "last mile" is very impressive. When do you think increased bandwidth to homes and businesses will have a large impact in the data storage area? Do you think the increased bandwidth to large companies is responsible for the 35% growth rate in high end storage? I would appreciate your opinions. Thank you. Mark M.