Something's amiss at Seagate (symbol STX) - on how the company's being managed.
Some blame the impact of faster than expected adoption of lower priced SSDs.
prior 12 months, STX is down 24% vs. the NASDAQ index being up 5%. And WD is up over 80% and they've stayed out of SSDs so far after a very brief adventure early on.
STX's dividend is still good at 5% but total return, due to the share price fall, is not good.
These pressures often show up as reduced R&D, write-downs of bad acquisitions, and shortcuts in quality.
Or not.
Some blame the impact of faster than expected adoption of lower priced SSDs.
prior 12 months, STX is down 24% vs. the NASDAQ index being up 5%. And WD is up over 80% and they've stayed out of SSDs so far after a very brief adventure early on.
STX's dividend is still good at 5% but total return, due to the share price fall, is not good.
These pressures often show up as reduced R&D, write-downs of bad acquisitions, and shortcuts in quality.
Or not.