Seagate Technology (NASDAQ:STX)

CAPS Rating: 4 out of 5

Engages in the design, manufacturing and marketing of rigid disc drives. Produces a range of rigid disc drive products, which are used in enterprise servers, mainframes and workstations.


Player Avatar stk1185 (< 20) Submitted: 5/20/2009 9:00:44 PM : Underperform Start Price: $6.74 STX Score: -781.08

P/E is too high and I don't see them going much higher than they are now, but in the not-so-short term I think they'll do just fine. They remain a leader in their field--for now. What worries me is what happens in the next 8-10 years? As flash memory becomes cheaper and cheaper, solid state hard drives will become an irresistible alternative - and suddenly Seagate has the carpet pulled out from under them.

Member Avatar DrGoldin (99.71) Submitted: 1/23/2013 11:12:38 AM
Recs: 0

Wow, a -338.70 is the top bear pitch.

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