CC was actually vague enough on this subject. They mentioned that they will be cash flow negative -- but only as a response to a question. They never said "GAAP loss" outloud. It seems that Seagate 1.5TB 7200.11 drives are now selling everywhere for sub-$200. They are not in short supply at all. I wonder if that means that they shipped plenty or that people are not buying them. The good news is that WD lineup of 3.5" consumer 7200rpm drives seems to be not as impressive and, for some reason, more expensive when compared similar WD drive to a similar Seagate drive.
>> this stock has done well in a week when most stocks got hammered.
Well, you know. After a horse is already dead, it is hard to make it more dead.
I am wondering whether there is much risk to Seagate's expected 23c EPS ? It seems a very low expectation. But if they don't project a higher EPS for next qtr, the stock will not go anywhere, except down.