STEPHEN J LUCZO

November 21st, 2011

Seagate CEO: Hard Drive Production Won’t Return to Pre-Flood Levels for a Year

In late October, Hardware Canucks reported that retailers were raising their prices on Hard Drives because flooding in Thailand had shutdown a number of key production facilities. Now, Seagate’s CEO is forecasting that it could take up to a year for the industry to return to pre-flood production levels. Two of Seagate’s main competitors – [...]