Seagate: No Storage for You!
From Eric:
Seagate CEO Bill Watkins says the company is sold out on drive capacity for the fourth quarter. Watkins noted in an interview with Tech Trader Daily this afternoon that the company sold 29 million drives in the September quarter, up from 24 million in the June quarter; he says capacity constraints will limit growth to 4%-5% sequentially in the December quarter. He notes that the company has orders for the quarter of 6 million to 7 million units above current capacity. Says Watkins: “I have tons of orders I can’t fill.â€
You have to love the hard-drive industry. We should stop talking about feast or famine, and just point knowingly to the storage business instead.
As a related storage aside, WDC's new MyBook series (Home, etc.) are getting highly positive comments. The home external storage market represents much bigger upside than most investors have realized.
