To: Sun Tzu who wrote (2092 ) 8/26/2021 8:35:24 AM From: Sun Tzu Read Replies (1) | Respond to Disk-Drive Stocks Are Sliding. Analyst Sees Trouble on Two Fronts.Eric J. Savitz Seagate Technology Holdings and Western Digital are under pressure following cautious comments about both supply and demand from Edgewater Research analyst Kevin Rottinghaus.Seagate shares (ticker: STX) were down 5.2%, to $86.94, while Western Digital stock (WDC) was off 2%, to $61.02.softening , he said, including “a leveling off” in enterprise-focused models, with component supply issues still limiting production of PCs and servers. Shortages of key parts for PCs and server components, he wrote, are triggering push-outs in related markets, including disk drives. Covid-related production issues in Southeast Asia could pose a risk for drive supplies in the December quarter, he said.Amazon.com and Google digest previously purchased inventory. that drove up demand for high capacity drives earlier in the year . Rottinghaus said that pricing for nearline drives, which had recently been increasing, is likely to return to low-single-digit declines in the first half of calendar 2022.
