Thread regarding Seagate Technology Inc. layoffs

Stock is approaching $50 again

Things look good. layoff may not be needed in the short term. good luck, all. back to work now, everyone.

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You mean Veritas. Spelling, baby.

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The Ripple Labs holdings sound like Veritus all over again. Too bad that Ripple isn't a public company. Is newly CES announced 5U84 a DotHill product? If yes, DotHill is not going away as most people were saying here.

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As was stated in an another post, we are a Financial Engineering Company now.

Divi will be engineered to meet expectations thru layoffs and crippling the budget for every department except VP bonus.

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Please change the name to Seagate Blockchain. Heard they are good at crytocurreny mining b/c they are first in hardwares encryption HDD.

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There is some indication that Seagate stock price jumped because it was disclosed that they have a big position in a cryptocurrency (Ripple). So the stock is not going up because anyone believes in Seagate, but thanks to a new gimmick. This is the best the executives can do to make Seagate look good.

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Tell us that after Wednesday.

Layoffs will continue regardless of how high the stock goes. Seagate has no other answer to hit the quarterly numbers if the revenue isn't there.

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Its the revenues, not the stock price, that will determine whether there are additional cuts. If revenues keep sliding because fewer drives are sold, then cuts will continue. The executives have no other answer.

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