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Seagate's (STX) guidance for a 10% Q/Q hard drive shipment drop in a seasonally strong quarter...

Seagate's (STX) guidance for a 10% Q/Q hard drive shipment drop in a seasonally strong quarter is bad news for Intel (INTC) and AMD, thinks Sterne Agee's Vijay Rakesh. Seagate and Western Digital both expect the total market for hard drives to be flat to down in Q3, and that indicates PC sales will be weak. Rakesh expects more negative commentary to arrive as other industry players, such as Dell (DELL) and H-P (HPQ), report in the coming weeks. (more on STX) (Gartner Q2 data)
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Comments (6)
  • sid gold
    , contributor
    Comments (228) | Send Message
    Mac Book Pro with Retina display has NO HD but uses Intel CPU
    INTC is also going into mobil devices like Pad's and Smart Phones way too soon to call for Intc's demise and the dividend was just raised signaling strong fundamentals.
    31 Jul 2012, 07:05 PM Reply Like
  • debtfree1
    , contributor
    Comments (209) | Send Message
    Dead again.
    I thought the PC was already dead.
    31 Jul 2012, 07:24 PM Reply Like
  • J.D. Welch
    , contributor
    Comments (1991) | Send Message
    The PC will never die, it will just continue to evolve. I can remember a time before laptops, and when "portable" computers that auditors used were back-breaking monsters with tiny screens. Desktops begat laptops, laptops got smaller, then they got wireless (Intel Centrino), then they got ubiqutous, now they're getting thinner and lighter (Ultrabooks), and with Win8, they'll evolve even more...
    31 Jul 2012, 08:05 PM Reply Like
  • debtfree1
    , contributor
    Comments (209) | Send Message
    Yep, all I need in my next PCs;
    a powerful tablet/laptop combo that runs a full OS & a smart phone.
    1 Aug 2012, 08:53 AM Reply Like
  • Cincinnatus
    , contributor
    Comments (5127) | Send Message
    With solid state drives becoming commonplace, particularly in business laptops, HDD sales can't be used as a proxy for cpu sales. Servers are also growing briskly with Romley out yet this analyst appears to ignore that as well.
    1 Aug 2012, 01:08 AM Reply Like
  • kjjerome
    , contributor
    Comments (188) | Send Message
    Seems to me we had a hard drive shortage and Intel did just fine last year with fewer products to crow about. (2011 saw 15% increase in share price) We now have 22Nm products and Server chips doing very well and are a little less dependent on computers anyway.
    Rakesh was talking about Seagate's HDD's losing 10% when they and Western have ruled that market for years, now you have the likes of Kingston, Micron, OCZ and Intel all selling SSD's taking market share he didn't mention that did he?
    Seagate stands to lose another 10 % when Ultrabooks kick in with 8 hrs of battery life and another 10% when the Hybrid Memory Cube kicks in with a Terabyte of memory packed into a thumb drive size, both will benefit Intel.
    1 Aug 2012, 01:59 AM Reply Like
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