Seagate CEO sees disk-drive price war continuing
By
Seagate Technology, the world’s biggest computer disk-drive maker, expects aggressive moves by rivals to depress industry prices for another year, longer than most analysts predict, its CEO said on Wednesday.
Chief Executive Bill Watkins said Seagate was prepared to meet hard-disk drive price cuts by competitors including Hitachi Ltd. and Samsung Corp., who are hungry for market share. “If pricing doesn’t drop for us, it’ll be an upside,” Watkins said in an interview. Watkins also said the Scotts Valley, California-based company has begun an internal audit of its options-granting practices and has so far found no problems.
Comments are closed.