Seagate Technology Increases Quarterly Cash Dividend By 39%

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Seagate Technology today announced that its Board of Directors (the “Board”) has approved an increase to its quarterly cash dividend from $0.18 per share to $0.25 per share, an increase of 39%. The increase is effective with the dividend payable on March 1, 2012 to shareholders of record as of the close of business on February 15, 2012. The payment of any future quarterly dividends will be at the discretion of the Board and will be dependent upon Seagate’s financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board.
 
In 10 years, this whole fiasco will end in a class action lawsuit against WD, Seagate, Samsung, Hitachi and other. While Thailand production was seriously effected by the floods, they only manufactured a fraction of the HDDs supplied to the US. Furthermore, the price of EVERY HDDs in the distribution channel shot up 200% overnight. This is why Seagate is reporting record profits despite having done nothing special...
 
Seriously...I mean, everyone is in league to sell them at these prices, immediately, didn't Samsung / Sharp etc just settle price fixing suits? Smells the same
 
OregonLAN said:
In 10 years, this whole fiasco will end in a class action lawsuit against WD, Seagate, Samsung, Hitachi and other. While Thailand production was seriously effected by the floods, they only manufactured a fraction of the HDDs supplied to the US. Furthermore, the price of EVERY HDDs in the distribution channel shot up 200% overnight. This is why Seagate is reporting record profits despite having done nothing special...
Click to expand...

*facepalm * 1,000,000.

Do you love making shit up?

1. Provide valid source on your claims (or did you get your info from Charlie).

2. Plesae show me how the world inventory didn't plummet on fears of a sustained HDD shortage.

You know what happens when demand exceeds supply? You know what happens when the previous is true and people don't know (or understand) when supply will meet demand again?

People here love their cheap shit but cry like little bitches when one of the side effects of an open market may be wild price spikes when things go wrong.
 
Well yeah, selling $150 1TB hard drives is a lot more profitable than selling $129 3TB hard drives.

There is a reason prices haven't come down yet, and it's not last year's flood.
 
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