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Adam_a

Seagate & WD Sees More Woes With The Release Of 3Q Earnings

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Both companies point to the changing market as the blame for the poor earnings. The Demand for HDDs is going down and the PC market is losing ground to the mobile market. It will be interesting to see how the companies respond to the changing market going forward. WD will be better positioned to compete in the flash arena with HGST and the mobile storage with SanDisk. Seagate is demonstrating some interesting advancements in flash as well.

Seagate & WD Sees More Woes With The Release Of 3Q Earnings

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Actually, I think it was in the WD (might have been the Seagate) call where they claimed cloud was a new technology that was pointed at as possible reason for a decline in HDD business. Seems like it should be a boon for both companies.

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Pretty much. Cloud has helped a lot, but the volumes can't compete with what used to go into the PC market. Net results is layoffs and difficult times for those in the industry. Combined with many markets replacing magnetic storage with flash, the overall market size keeps shrinking. I don't think it will completely disappear anytime soon, but it will certainly be a lot smaller than it was in its heyday.

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