Is that a good thing or a bad thing?
23 replies (most recent on top)
Its good for HDD to be on its own, FBU is not making money, spends a lot and eating into profits. I hope FBU dies soon.
“I have been quiet quitting for the past 2 years.”
It’s just stealing. Not sure why you are bragging that you lack integrity. Other than the obvious troll angle.
@2rgu+1p 😂😂😂😂
@ihs+
If Intel NAND was worth $10B, $19B for SanDisk is reasonable. Elliot is POS
@2dgi+1pligBlR stopping the 401K match and no ACR is not taking from u, get real
@2dgi+1pligBlR tell that to DG and the board
I have been quiet quitting for the past 2 years. Living life, taking care of mental health, working out, taking PTOs, working from home etc etc. life’s been great when you do not think of work at all. And I am still here earning a living here….
“ Or at least quiet quit. ”
Rationalize stealing however you want. It’s still stealing.
Three turkeys
If DG hires one of his cronies to run the half of the business I'm in, I'm going to quit. Or at least quiet quit. Nobody he brought in is qualified but you can bet they are all lobbying. BoD - it's on you, and we're going to call you out here. DG cronies - ditto.
Have we reached the bottom?
Q3 2022
Hdd shipped 14.7m
Q4 2022
Hdd shipped 12.9m
Q1 2023
Hdd shipped 12.6m
Q2 2023
Hdd shipped 11.8m
Q3 2023
Hdd shipped 10.4m
I would explain it in more simple words
- getting divorced (WD and SD)
- selling home (Milpitas campus and giving Great Oaks Campus as a security for a loan)
- paying the consultants to get the divorce done
- need to pay now 2 CEOs. DG can promote his friend. But DG still wants his same salary and stocks. I mean he is doing a great job and deserves a raise! Integrating and marriage is a bit complicated, but divorce he can manage. Just hire some consultants, bankers, lawyers.
- the kids (employees) tighten the belt because of the divorce.
- don't have HAMR working: we have ePMR. nothing to worry.
The debt keeps piling up. First a preferred equity convertible notes 900mil with a juicy 6.75% dividend, then a 600mil DDTL 7.42%, latest a plan for 1.3bil senior unsecured convertible notes.
We are not making money at the moment but have to pay so many parties ...
Give your vote with up and down :
WD did not need HAMR so badly as WD has until now HDD +Flash.
Without Flash, WD can compete (and match) on HAMR with Seagate?
@xef+1pligBlR Sure, but I'm not interested in anything several decades out. SanDisk was a bad buy and grossly over priced. Same thing with all this AI bandwagon shenanigans...
@ihs+1pligBlR
Expansion to flash business was the right idea. HDD business will eventually reduced significantly, if it's not totally. It will take some time, but it's a matter of time. Argue as much as you want, but it's the fact that flash is the future. Once flash replaces all HDD use cases, HDD won't even be able to transition to backup media as it is not as robust as tapes. It will have a place in niche market, but not much.
Lol, investors forced the split when ELT's last chance fell through the cracks. I guess they didn't pay off the right people in SK Hynix and China. The company gets everything it deserves, unfortunately the employees will pay the price for bad decisions. What's disgusting is the over paid for 19 billion piece of cr-p known as SanDisk is only worth a few billion according to Elliot... not even worth selling... gg. Typical case of "Stick to your core business values, instead of treating it like a cash cow and stealing the profits for a lost cause."
was the option available, but we know from San Disk acquisition that an announcement and results are distinct
It’s just buying everyone a little more time…
should’ve announced this 2 years ago
after more than two years of on/off merger discussions, it’s the deflated ballon contingency option that was left
It was just a tactic. It was a way to distract people to not notice that bigger than expected loss
So we didn't merge with kioxia but had a plan b?