BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Seagate Slumps on Mobile Technology Advances]]>http://www.bloggingstocks.com/2011/03/24/seagate-slumps/http://www.bloggingstocks.com/2011/03/24/seagate-slumps/http://www.bloggingstocks.com/2011/03/24/seagate-slumps/#commentsFiled under:

Seagate (STX) logoSeagate Technology (STX), first discussed here on July 8, 2009, at a price of $9.50, has seen its stock price erode from about $16.50 to $13.50 during the winter. If you haven't already, now would be a good time to consider taking some profits with Seagate, if you're in near $9.50.

However, those investors who can tolerate the risk can maintain their full position, and go for a bigger gain, but there are risks with STX.

One risk concerns the status of hard disk drive technology. The view from here argues there's at least one more upgrade cycle for desktop PCs -- to Seagate's benefit -- before society shifts to "the computer anywhere/everywhere" era.

Continue reading Seagate Slumps on Mobile Technology Advances

Seagate Slumps on Mobile Technology Advances originally appeared on BloggingStocks on Thu, 24 Mar 2011 14:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Seagate TechnologySTXThu, 24 Mar 2011 14:30:00 EST<![CDATA[Seagate Technology: Time to Take Some Profits?]]>http://www.bloggingstocks.com/2011/01/24/seagate-technology-time-to-take-some-profits/http://www.bloggingstocks.com/2011/01/24/seagate-technology-time-to-take-some-profits/http://www.bloggingstocks.com/2011/01/24/seagate-technology-time-to-take-some-profits/#commentsFiled under:

Seagate (STX)Seagate Technology (STX), first discussed here on July 8, 2009, at a price of $9.50, has inched higher in the past four months, rising to about $13.30 from $11.

Further, it you're in near $9.50, that's a roughly 40% gain -- large enough to consider taking some profits with STX.

However, those investors who can tolerate the risk can maintain their full position, and go for a bigger gain, but there are risks.

Continue reading Seagate Technology: Time to Take Some Profits?

Seagate Technology: Time to Take Some Profits? originally appeared on BloggingStocks on Mon, 24 Jan 2011 14:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Seagate TechnologySTXMon, 24 Jan 2011 14:30:00 EST<![CDATA[Seagate Technology Earnings Meet Expectations]]>http://www.bloggingstocks.com/2011/01/20/seagate-technology-earnings-meet-expectations/http://www.bloggingstocks.com/2011/01/20/seagate-technology-earnings-meet-expectations/http://www.bloggingstocks.com/2011/01/20/seagate-technology-earnings-meet-expectations/#commentsFiled under:

After the closing bell sounded Wednesday, Seagate Technology (STX) reported its second-quarter results. The tech firm announced that it logged non-GAAP earnings of 33 cents per share ($159 million). The firm's earnings of 33 cents per share matched the consensus estimate, as did the firm's quarterly revenue of $2.72 billion.

STX also reported its performance during the six-month period that ended on Dec. 31, 2010. During this time, the firm's GAAP basis revenue was $5.4 billion, gross margin was 19.9%, net income totaled $299 million, and diluted earnings hit 61 cents per share.

Continue reading Seagate Technology Earnings Meet Expectations

Seagate Technology Earnings Meet Expectations originally appeared on BloggingStocks on Thu, 20 Jan 2011 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsearnings reportfeaturedinthenewsSeagate earningsSeagate revenueSeagate Technologystxtechnical analysistechnical sectorThu, 20 Jan 2011 10:30:00 EST<![CDATA[Seagate Technology Private Equity Talks Fizzle]]>http://www.bloggingstocks.com/2010/11/30/seagate-technology-private-equity-talks-fizzle/http://www.bloggingstocks.com/2010/11/30/seagate-technology-private-equity-talks-fizzle/http://www.bloggingstocks.com/2010/11/30/seagate-technology-private-equity-talks-fizzle/#commentsFiled under: , , , ,

Seagate (STX) logoSegate Technology (STX - option chain) stock is trading lower today after the company announced this morning it has cut off talks with private-equity firms about taking the company private, saying the potential suitors did not value the company highly enough. STX also announced it has added $2 billion to its stock buyback plan. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on STX.

This morning, STX opened at $13.26. So far today the stock has hit a high of $13.50 and a low of $13.15. As of 12:05, STX is trading at $13.47, down $0.39 (-2.8%). The chart for STX looks bearish and S&P gives STX a negative 2 STARS (out of 5) sell ranking.

Continue reading Seagate Technology Private Equity Talks Fizzle

Seagate Technology Private Equity Talks Fizzle originally appeared on BloggingStocks on Tue, 30 Nov 2010 13:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsInvestors ObserveroptionsPrivate equitySeagate TechnologySTXTue, 30 Nov 2010 13:30:00 EST<![CDATA[Seagate Gaps Up After Summer Swoon]]>http://www.bloggingstocks.com/2010/10/25/seagate-gaps-up-after-summer-swoon/http://www.bloggingstocks.com/2010/10/25/seagate-gaps-up-after-summer-swoon/http://www.bloggingstocks.com/2010/10/25/seagate-gaps-up-after-summer-swoon/#commentsFiled under:

Talk about close calls. Seagate Technology (STX), first discussed here on July 8, 2009, at a price of $9.50, came within about 80 cents of the $9 sell/stop loss this summer, during a bear-hug pattern plunge from $21.70.

Hopefully, you were able to withstand the swoon and retained the shares, as I still like STX. Here's why.

Seagate's 2010 revenue will likely jump 10% to 15% in fiscal 2010 and another 10% in 2011, propelled higher by adequate PC sales growth and the continued transition to digital content.

Continue reading Seagate Gaps Up After Summer Swoon

Seagate Gaps Up After Summer Swoon originally appeared on BloggingStocks on Mon, 25 Oct 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredhard driveslaptopsSeagate TechnologySTXMon, 25 Oct 2010 17:30:00 EST<![CDATA[Is Seagate Undervalued?]]>http://www.bloggingstocks.com/2010/06/24/seagate-undervalued/http://www.bloggingstocks.com/2010/06/24/seagate-undervalued/http://www.bloggingstocks.com/2010/06/24/seagate-undervalued/#commentsFiled under:

Seagate STX logoI first discussed Seagate (STX) here on July 8, 2009, at a price of $9.50, and despite a recent plunge, the shares of hard disk drive manufacturer remain in the catbird seat. Here's why.

Look for Seagate's revenue to increase 20% to 25% in fiscal 2010 and another 10% to 15% in fiscal 2011, propelled higher by strong PC sales and the continued transition to digital content.

Continue reading Is Seagate Undervalued?

Is Seagate Undervalued? originally appeared on BloggingStocks on Thu, 24 Jun 2010 14:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Seagate TechnologySegate undervaluedSTXThu, 24 Jun 2010 14:10:00 EST<![CDATA[Seagate Technology Q3 Earnings Beat Estimates]]>http://www.bloggingstocks.com/2010/04/21/seagate-technology-q3-earnings-beat-estimates/http://www.bloggingstocks.com/2010/04/21/seagate-technology-q3-earnings-beat-estimates/http://www.bloggingstocks.com/2010/04/21/seagate-technology-q3-earnings-beat-estimates/#commentsSeagate Technology (STX - option chain) shares are rising today after the company said after the market closed yesterday that it earned $518 million, or $1.00 a share during the third quarter. Analysts had forecast a profit of 94 cents per share. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on STX.

STX opened this morning at $20.07. So far today the stock has hit a low of $19.30 and a high of $20.32. As of 12:05 STX is trading at $19.95 up 0.62 (3.2%). The chart for STX looks bullish and S&P gives STX a positive 4 STARS (out of 5) buy ranking.

Continue reading Seagate Technology Q3 Earnings Beat Estimates

Seagate Technology Q3 Earnings Beat Estimates originally appeared on BloggingStocks on Wed, 21 Apr 2010 13:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsinthenewsInvestors ObserveroptionsSeagate TechnologySTXWed, 21 Apr 2010 13:30:00 EST<![CDATA['Ben Graham' Buys: Six-Pack of Foreign Value Stocks]]>http://www.bloggingstocks.com/2010/04/19/ben-graham-buys-six-pack-of-foreign-value-stocks/http://www.bloggingstocks.com/2010/04/19/ben-graham-buys-six-pack-of-foreign-value-stocks/http://www.bloggingstocks.com/2010/04/19/ben-graham-buys-six-pack-of-foreign-value-stocks/#commentsFiled under: , , ,

"We believe many outstanding buying opportunities are available among these undervalued foreign stocks; we screened the Zacks, Investors Business Daily, S&P and Value Line databases to find foreign companies with rapidly growing earnings," says J. Royden Ward.

The editor of Cabot Benjamin Graham Value Letter explains, "We believe these six companies offer excellent appreciation potential at reasonable prices: Lululemon Athletica (LULU), Mindray Medical (MR), Potash (POT), Seagate Technology (STX), Silver Wheaton (SLW) and Telefonica SA (TEF)."

Continue reading 'Ben Graham' Buys: Six-Pack of Foreign Value Stocks

'Ben Graham' Buys: Six-Pack of Foreign Value Stocks originally appeared on BloggingStocks on Mon, 19 Apr 2010 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ben grahamcabot benjamin graham letterj. royden wardLULUlululemonmindray medicalmrPOTpotashseagate technologysilver wheatonslwsteven halpernstxTEFtelefonicathestockadvisors.comvalue investingMon, 19 Apr 2010 12:00:00 EST<![CDATA[Seagate, Western Digital to Get Hammered on Pricing by the Big PC Vendors]]>http://www.bloggingstocks.com/2010/04/14/seagate-western-digital-to-get-hammered-on-pricing-by-the-big-p/http://www.bloggingstocks.com/2010/04/14/seagate-western-digital-to-get-hammered-on-pricing-by-the-big-p/http://www.bloggingstocks.com/2010/04/14/seagate-western-digital-to-get-hammered-on-pricing-by-the-big-p/#commentsFiled under: , , ,

Seagate logoSeagate Technology (STX) and Western Digital (WDC) have been battling it out in the hard drive sector for decades. While larger conglomerates have sold or dumped their hard drive operations, these two companies control the vast majority of shipped digital storage devices globally. Unfortunately for them, the struggles of the PC industry last year may mean a tough road ahead as PC makers strike back to try and reclaim margins that are still quite thin, even as the U.S. economy rebounds.

Continue reading Seagate, Western Digital to Get Hammered on Pricing by the Big PC Vendors

Seagate, Western Digital to Get Hammered on Pricing by the Big PC Vendors originally appeared on BloggingStocks on Wed, 14 Apr 2010 13:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>DELLHewlett-PackardHPQinthenewsSeagateSeagate TechnologySTXwestern digitalWed, 14 Apr 2010 13:20:00 EST<![CDATA[Seagate Technology: Well-Positioned for the PC Rebound]]>http://www.bloggingstocks.com/2010/03/17/seagate-technology-well-positioned-for-the-pc-rebound/http://www.bloggingstocks.com/2010/03/17/seagate-technology-well-positioned-for-the-pc-rebound/http://www.bloggingstocks.com/2010/03/17/seagate-technology-well-positioned-for-the-pc-rebound/#commentsFiled under:

Hard disk drive manufacturer Seagate Technology (STX), first discussed here on July 8, 2010 at a price of $9.50, remains in an enviable position.

The company's demonstrated business model, and the calculation that traditional, desktop, bulky PCs will continue to dominate the computer market for the next 3-5 years, despite the steady increase in mobile devices and platforms, makes Seagate's shares desirable. The 'mobile cubicle' may be on the rise, but the office cubicle isn't disappearing.

Continue reading Seagate Technology: Well-Positioned for the PC Rebound

Seagate Technology: Well-Positioned for the PC Rebound originally appeared on BloggingStocks on Wed, 17 Mar 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>computersdesktopshard driveslaptopspcSeagate TechnologySTXWed, 17 Mar 2010 17:30:00 EST<![CDATA[Seagate Technology: Back up the truck]]>http://www.bloggingstocks.com/2009/10/16/seagate-technology-back-up-the-truck/http://www.bloggingstocks.com/2009/10/16/seagate-technology-back-up-the-truck/http://www.bloggingstocks.com/2009/10/16/seagate-technology-back-up-the-truck/#commentsFiled under:

Seagate Technology (NASDAQ: STX) stock was not expected to advance as quickly as it has: but under these investing conditions, we'll take it. In fact, Seagate's stock chart has been a stairway to heaven, which is why I'm Reiterating my Buy rating for the company, first recommended on July 8, 2009 at a price of $9.50. If you purchased Seagate's shares then, you're up an impressive 63%.

The Buy rating in July for hard disc drive manufacturer Seagate was based largely on the company's demonstrated business model, and the calculation that traditional, desktop, bulky PCs will continue to dominate the computer market, led by office purchases, for the next three to five years, and probably longer, despite the steady increase in mobile devices/platforms. The mobile cubicle may be on the rise, but the office cubicle isn't disappearing.

Continue reading Seagate Technology: Back up the truck

Seagate Technology: Back up the truck originally appeared on BloggingStocks on Fri, 16 Oct 2009 14:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Seagate TechnologySTXFri, 16 Oct 2009 14:20:00 EST<![CDATA[Some big names setting new highs: INTC, STX, SGP]]>http://www.bloggingstocks.com/2009/10/12/some-big-names-setting-new-highs-intc-stx-sgp/http://www.bloggingstocks.com/2009/10/12/some-big-names-setting-new-highs-intc-stx-sgp/http://www.bloggingstocks.com/2009/10/12/some-big-names-setting-new-highs-intc-stx-sgp/#commentsFiled under: , , , , , , , , , , ,

new 52 week highsThe markets had a relatively flat day to start the week, but there were some big name stocks that traded up to new 52 week highs in today's session. The DOW was up 0.2%, NASDAQ was down 0.01%, while the S&P saw the most change, closing up 0.4%.

Here are a couple of the bigger names that traded up to new 52 week highs in today's trading.

  • Intel Corporation (NASDAQ: INTC): Chipmaker Intel Corp. traded up to a new 52 week high today of $20.65. It set its 52 week low of $12.05 back on 2/23/09. The stock is trading higher today ahead of the company's third quarter earnings numbers, which are due out tomorrow following the market close. Analysts are expecting the company to show earnings of 27 cents per share. The company reported a loss of 7 cents per share for its second quarter. The stock closed the day up 1.1% at $20.40, up $0.23 on the day.

Continue reading Some big names setting new highs: INTC, STX, SGP

Some big names setting new highs: INTC, STX, SGP originally appeared on BloggingStocks on Mon, 12 Oct 2009 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>chip makersChipMakersCisco SystemsCiscoSystemsCSCODISDisneydrug makersDrugMakersdrugsearningsforecastsINTCIntelSchering PloughScheringPloughseagate technologySeagateTechnologySTXTargettechnologyTGTMon, 12 Oct 2009 18:00:00 EST<![CDATA[Seagate Technology: Buy on a pull-back]]>http://www.bloggingstocks.com/2009/07/08/seagate-technology-buy-on-a-pull-back/http://www.bloggingstocks.com/2009/07/08/seagate-technology-buy-on-a-pull-back/http://www.bloggingstocks.com/2009/07/08/seagate-technology-buy-on-a-pull-back/#commentsFiled under:

Ah yes, the mobile/wireless age. Just down the road, everyone will carry their computer to work, in space-age, wafer-thin notebook forms, which will also do yeoman duty as phones and wireless reading devices.

Well, here's a little attention-getter: traditional, desktop, bulky PCs will dominate the market, led by office purchases, for the next 3-5 years, and probably longer. The mobile cubicle may be on the rise, but the office cubicle isn't disappearing, and that's a good reason to own Seagate Technology (NASDAQ: STX).

Continue reading Seagate Technology: Buy on a pull-back

Seagate Technology: Buy on a pull-back originally appeared on BloggingStocks on Wed, 08 Jul 2009 14:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsSeagate TechnologySTXWed, 08 Jul 2009 14:30:00 EST<![CDATA[Newspaper wrap-up: If the U.S. has to save Fannie and Freddie, triple-A rating could suffer]]>http://www.bloggingstocks.com/2008/04/15/newspaper-wrap-up-if-the-u-s-has-to-save-fannie-and-freddie-t/http://www.bloggingstocks.com/2008/04/15/newspaper-wrap-up-if-the-u-s-has-to-save-fannie-and-freddie-t/http://www.bloggingstocks.com/2008/04/15/newspaper-wrap-up-if-the-u-s-has-to-save-fannie-and-freddie-t/#commentsFiled under: , , , , , , ,

MAJOR PAPERS:
WEB SITES:

Newspaper wrap-up: If the U.S. has to save Fannie and Freddie, triple-A rating could suffer originally appeared on BloggingStocks on Tue, 15 Apr 2008 09:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>blackstone groupBlackstoneGroupBXCCiscocisco systemsCiscoSystemscitigroup inc.citigroup inc. cCitigroupInc.citigroupinc.cCSCOfannie maeFannieMaeFNMFNM CorpFnmCorpFREfreddie macFreddieMachewlett-packardHPQibmibmcorpOracleoracle corporacle corp.oracle corporationOracleCorpOracleCorp.OracleCorporationORCLseagate technologySeagateTechnologystecSTXTue, 15 Apr 2008 09:15:00 EST<![CDATA[Seagate (STX) commits to making flash-based hard drives]]>http://www.bloggingstocks.com/2007/08/23/seagate-stx-commits-to-making-flash-based-hard-drives/http://www.bloggingstocks.com/2007/08/23/seagate-stx-commits-to-making-flash-based-hard-drives/http://www.bloggingstocks.com/2007/08/23/seagate-stx-commits-to-making-flash-based-hard-drives/#commentsFiled under: ,

Seagate Technology (NYSE: STX), the world leader in the manufacture of hard disk drives, has announced a significant step in its product line that signifies the changing economic realities of the computer storage market. The company, which has been the fiercest proponent of pushing its magnetic platter-based hard drives for over two decades, will begin making hard drives based on flash memory instead of magnetic disks spinning at 7,200 RPM or higher. Seagate is a little-seen brand, but its products probably power that web server you're connected to right now, that iPod you listen to, the TiVo you watch, and the Xbox you play.

This was just waiting to happen, and Seagate picked the right time in the intensely competitive storage market to make this commitment. Right now, computer storage for that laptop, TiVo box or Xbox 360 is way, way cheaper to accomplish using disk-based storage. But, as the cost has dropped and the capacity has risen for solid-state storage, magnetic hard drives have all but been pushed from items with lower storage needs, like MP3 players and many iPod models (although the larger iPod models still use traditional hard drives).

Will Seagate abandon its bread-n-butter magnetic hard drive business? Don't count on it -- it's likely that magnetic-type storage will still enjoy an immense cost advantage in the near future even in the face of rapidly falling prices for flash-based chips. But, instead of fighting the battle any longer, Seagate is making the right decision to compete in the developing flash hard drive market -- even if that market will be rather small in the near future. Seagate at least wants to cover all the technologies in all the storage markets, which is strategically commendable.

Seagate (STX) commits to making flash-based hard drives originally appeared on BloggingStocks on Thu, 23 Aug 2007 18:13:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Flash drivesFlashDriveshard drivesHardDrivesSeagate TechnologySeagateTechnologySTXThu, 23 Aug 2007 18:13:00 EST<![CDATA[Impact of Microsoft's Vista is about to be seen]]>http://www.bloggingstocks.com/2007/06/11/impact-of-microsofts-vista-is-about-to-be-seen/http://www.bloggingstocks.com/2007/06/11/impact-of-microsofts-vista-is-about-to-be-seen/http://www.bloggingstocks.com/2007/06/11/impact-of-microsofts-vista-is-about-to-be-seen/#commentsFiled under: , , , ,

Microsoft Corporation (NASDAQ: MSFT) might finally be on the verge of seeing the adoption of Vista, wrote Arnie Berman, chief technology strategist, at Cowen & Company late last week.

Berman surveyed 283 corporate IT buyers and found 47% of small- and medium-sized businesses will begin deploying Vista by December 31, this is up from 43% in a similar survey completed in February. 31% of larger enterprises plan to start rolling out Vista by December 31, up from 25% in the previous survey.

How to invest in the long-awaited Vista uptake? Play the Microsoft food chain stocks, particularly since most investors have given up on Vista's adoption, indicating this is where investors could get the most bang for the buck. Intel Corporation (NASDAQ: INTC), Nvidia Corporation (NASDAQ: NVDA) and Micron Technology Inc (NYSE: MU), Berman believes will be beneficiaries of Vista's adoption. Other investment plays include memory chip maker Qimonda AG (NYSE: QI), the drive makers Seagate Technology (NYSE: STX) and Western Digital Corporation (NYSE: WDC), and Marvell Technology Group Ltd (NASDAQ: MRVL), a supplier to the drive business.

In our past Intel blogs, the Fly has suggested Intel has capacity in place to start ramping 64 megabyte processors big time, on a scale Advanced Micro Devices Inc (NYSE: AMD) does not possess. Berman points out that Intel's enterprise value/sales ratio relative to AMD is close to an all-time low, meaning Intel is cheap relative to AMD despite AMD's recent poor stock performance.

Nvidia at 19x consensus calendar 2007 results has shown the ability to deliver favorable financial surprises and could provide the solution to the greatest potential bottleneck for Vista adoption, the graphic processors.

Micron is selling close to its $10.91 book value which historically has supported the stock and memory demand will increase with the new operating system.

Impact of Microsoft's Vista is about to be seen originally appeared on BloggingStocks on Mon, 11 Jun 2007 12:34:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Advanced Micro DevicesAdvancedMicroDevicesAMDINTCIntelMarvellMarvell TechMarvell TechnologyMarvellTechMarvellTechnologyMicron TechMicron TechnologyMicronTechMicronTechnologyMicrosoftMRVLMSFTMUNVDANvidiaQIQimondaSeagateSeagate TechSeagate TechnologySeagateTechSeagateTechnologySTXVistaWDCWestern DigitalWesternDigitalMon, 11 Jun 2007 12:34:00 EST<![CDATA[Seagate CEO gets raw on why hard drives get no respect]]>http://www.bloggingstocks.com/2006/11/30/seagate-ceo-gets-raw-on-why-hard-drives-get-no-respect/http://www.bloggingstocks.com/2006/11/30/seagate-ceo-gets-raw-on-why-hard-drives-get-no-respect/http://www.bloggingstocks.com/2006/11/30/seagate-ceo-gets-raw-on-why-hard-drives-get-no-respect/#commentsFiled under: , , ,

After reading this article, I had to giggle a bit. Seagate Technology LLC (NYSE: STX) -- the world's largest maker of hard disk drives for everything from PCs to TiVos to iPods -- has a stand-up comedian for its CEO, apparently. When former CEO and financier Steve Luczo left current CEO Bill Watkins in charge of the $15 billion storage behemoth, perhaps he didn't know about Watkins' penchant for funny candidness.

At a recent CEO dinner this week, Watkins was spotted saying "Let's face it, we're not changing the world. We're building a product that helps people buy more crap -- and watch porn." Those are not the carefully scripted words of a PR-trained CEO -- but they are closer to the truth than almost anyone dares to say.

Watkins is someone I've heard in person a few times giving speeches -- he's a hard-driving and hard-working CEO -- and he's a cut above the ivy-leaguers who run most Fortune-500 companies, if you ask me. Seagate continues to operate -- as it has for years and years -- in an extreme commodity business, but continues to crank out the products that make the Internet work (as in web server storage) along with iPods, TiVos and other storage-hungry devices that have infiltrated so many daily lives.

Watkins -- ever the operational guru (like Hewlett-Packard's Mark Hurd) -- could have a stand-up career if he wasn't busy making Seagate the best company at what it does. Oops, time to backup the laptop on an external hard drive now.

[Disclosure: I own STX shares as of 11-30-06]

Seagate CEO gets raw on why hard drives get no respect originally appeared on BloggingStocks on Thu, 30 Nov 2006 14:10:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BillWatkinsSeagateSeagate TechnologySeagateTechnologySteve LuczoSteveLuczoSTXThu, 30 Nov 2006 14:10:00 EST