Take your tech recession and stuff it

Iria · Jan 23, 2008, 05:47 PM

Source: News.com
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Like a lot of technology CEOs these days, Seagate's Bill Watkins finds himself frequently asked whether the world as we know it is coming to an end--or something like that.

What with regular triple-digit losses on the Dow Jones and the occasional global stock meltdown, these are trying times for any chief executive, let alone one in charge of the world's biggest drive business (measured in sales)--and one subject to endemic quarterly ups and downs. But stock blips and persnickety Wall Street analysts aside, Watkins remains confident about the longer-term direction of technology and business trends. In its second fiscal quarter, which was announced last week, Seagate tripled net income on a 14 percent increase in sales.

Seagate did fess up to some management stumbles, but Watkins, who recently sat down with CNET News.com, says those are behind it now and the company intends to capitalize on the increasing appetite to consume different forms of digital media.

Jan 23, 2008, 05:47 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Take your tech recession and stuff it Source: News.com __________ Like a lot of technology CEOs these days, Seagate's Bill Watkins finds himself frequently asked whether the world as we know it is coming to an end--or something like that. What with regular triple-digit losses on the Dow Jones and the occasional global stock meltdown, these are trying times for any chief executive, let alone one in charge of the world's biggest drive business (measured in sales)--and one subject to endemic quarterly ups and downs. But stock blips and persnickety Wall Street analysts aside, Watkins remains confident about the longer-term direction of technology and business trends. In its second fiscal quarter, which was announced last week, Seagate tripled net income on a 14 percent increase in sales. Seagate did fess up to some management stumbles, but Watkins, who recently sat down with CNET News.com, says those are behind it now and the company intends to capitalize on the increasing appetite to consume different forms of digital media.