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Seagate Technology Public Limited Company Message Board

  • profitprophetgold profitprophetgold Oct 20, 2010 11:44 AM Flag

    WDC gets the last laugh.

    Wonder what KKR and Bain will tell their investors when they realize they are buying the wrong company in this space! WDC's now has $2.9B on the balance sheet and is virtually debt free.

    WDC will have the upper hand long term because of the strength of their balance sheet. They can price the product lower than competition, buy new technologies, increase R&D, buy-back stock and adjust their business based on demand trends.

    STX deal off, WDC deal on?

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    • WDC would cost KKR or Bain $13B for the exact same company.

      WDC is NOT a target for buyout. Its a better run company.

      Apple and Netflix are well run companies as well. Who would dare to buy them?
      The premium would be astronomical.

    • Doesn't take a genius to figure out that WDC is crushing STX.--look at the numbers!

      Western Digital Corp. (NYSE: WDC) today reported revenue of $2.4 billion, hard-drive unit shipments of 50.7 million and net income of $197 million

      Seagate Technology plc (NASDAQ:STX - News) today reported financial results for the quarter ended October 1, 2010. The company shipped 49.2 million disk drives and on a GAAP basis reported revenue of $2.7 billion, gross margin of 20.4%, net income of $149 million and diluted earnings per share of $0.31

    • I sold out of STX last Monday (bad timing) to switch to WDC so take this for what its worth...

      Don't forget STX is in a much better position to accommodate the growing enterprise business. They have a better product portfolio and do more business with OEMs.

      A strong balance sheet only gets you so far. You still have to make good decisions with what to do with all your cash...

      WDC will be in catchup mode if they want to be competitive in enterprise.

 
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