Tuesday, 31 July 2012

Disk demand after Thai floods drains away - unlike Seagate's coffers

Seagate may not have done as well as it had hoped to do in its latest quarter, which was down on the previous three months, but its $1bn earnings are still much, much better than a year ago.
The disk drive dealer also defied industry speculation by failing to announce an OCZ acquisition. But it did say it could buy an SSD supplier.
Western Digital's revenues were higher, of course, but Seagate is still the disk drive industry leader on an annual revenue basis. Seagate has a new SSD is coming, co-developed with Samsung, and more hybrid drives will appear.


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