Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
The Monsoon flooding in Thailand last October took a toll on many businesses if not all of them. The main victims of the catastrophe ranged from automobile makers with the likes of vendors of Toyota and Honda to electronic makers like hard drive manufacturers. More affected by the ordeal US population, being the biggest market […]
Western Digital was widely expected to take a huge hit from the Thailand flooding. Western Digital, which makes disk drives, couldn’t get components out of its suppliers, which were mostly in Thailand. Overall, Western Digital’s fiscal second quarter earnings held up well. CEO John Coyne said: We’ve made substantial progress in our mission to restore […]
Bottom line: Western Digital held its own and the fallout could have been much worse. Steve Luczo, CEO of Seagate, said his company has weathered the Thailand flooding better than most. Why? First, Seagate’s operations were relatively unscathed. Second, the supply chain is diversified. Luczo said on Seagate’s earnings conference call: “The disaster in Thailand […]
Luczo added that the company isn’t maximizing profits—average selling price per unit was $13 higher, but costs were $2.50 higher. Seagate’s plan is to give suppliers a break on pricing in exchange for longer term contracts. The strategy is paying off in the short and long runs. Seagate blew away its December quarter earnings (non-GAAP […]
