Seagate Technology, the world's biggest computer disk-drive maker, expects aggressive moves by rivals to depress industry prices for another year, longer than most analysts predict, its CEO said on Wednesday.More info at Reuters.
Chief Executive Bill Watkins said Seagate was prepared to meet hard-disk drive price cuts by competitors including Hitachi Ltd. and Samsung Corp. who are hungry for market share.
"If pricing doesn't drop for us, it'll be an upside," Watkins said in an interview.
Seagate CEO predicts price war
Posted on Saturday, Aug 12 2006 @ 12:59 CEST by Thomas De Maesschalck
Seagate's CEO expects rivals will try to grab more marketshare by lowering their prices.