Hmmm, maybe Seagate's problems are over

[Woofmeister]

If you want to know how a company is really doing, ignore what their executives say and see where their executives put their money.

When the CEO of Seagate buys $4 million worth of Seagate stock with his own money, that's a pretty good indication that Seagate doesn't anticipate any further serious problems.

Might be OK to jump on some of those good deals on 7200.11 drives now. At the very least, the CEO obviously expects the company to still be in business for a while and that's saying something these days.

 

[MustISO]

He made a killing by selling in the upper $20 range in 07 and 08. He's just buying it while it's cheap and hoping to drive the price back up.

 

[taltamir]

true... sell while high, buy while low... even if seagate ends up going backrupt, its stocks will recover befoere that happens... right now they are simply underpriced...
if he knew something that we don't he could go to prison for "insider trading" for doing that.