1 posts and columns on pricing decline

Voices

Seagate: CEO Luczo Says Drive Market Still Contracting

in News on January 22, 2009 at 4:36 am PT

Seagate CEO Steve Luczo this afternoon said a sharp dropoff in demand in December as the PC market weakened was the primary reason for the company’s larger-than-expected December-quarter loss. In an interview with Tech Trader Daily, Luczo said the company’s total addressable market appeared to be in the 150 million unit range entering the quarter, and still appeared to be that large well into November. But he says that starting in the back half of that month, demand began to crumble.