No. of Recommendations: 0
Thanks, Anurag.

From my reading, HDD are still the primary (and cheapest) storage media. SSD are still a relatively small share of the storage market and are much more expensive per gigabyte, though that will almost certainly come down. Seagate is supposed to be in SSD, as well, but is playing catch up a bit on that.

It recently turned down a LBO offer and instead is leveraging its balance sheet a bit (further swinging to a net debt position) to help fund a rather large share repurchase ($2 billion, out of a $7 billion market cap). Has the EBIT to handle the interest and with $1 billion in FCF, should be able to pay down the debt relatively easily.

Cheers,
Jim
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.