2021 High Conviction, The Pandemic Will Drive HDD Nearline Capacity Shipment Growth

Marvell Technologies Advances: Positive for Company’s Future

Fujifilm and IBM Magnetic Tape Milestone:  Supporting Archive Industry

WDC Delivering Higher Capacity Nearline HDDs, Positive Trend

Potential WDC Breakup, Positive Implications

Seagate’s HAMR HDDs, CORTX and Lyve Drive Rack: Positive Enablers

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

President

Thomas Coughlin

Coughlin Associates

Equity Bottom-Up

Seagate Technology Holdings PL / Equity Bottom-Up

<p style="text-align: start;">Seagate is seeing a tapering off of the nearline HDD buy to support cloud services during the Covid-19 pandemic.  However, sales of these HDDs and mass storage HDDs for video and related big data applications will be continued drivers for sales into calendar 2021.  The company said that 63% of their HDD revenue in C3Q 2020 was from mass capacity HDDs, including nearline HDDs.  The company also expects some consumer rebound for HDDs in 2021.  In the long run, the conversion to majority mass capacity HDDs will raise ASPs and by 2024-2025 start to increase total HDD unit shipments, further driving revenue and profitability.</p>

Seagate is seeing a tapering off of the nearline HDD buy to support cloud services during the Covid-19 pandemic.  However, sales of these HDDs and mass storage HDDs for video and related big data applications will be continued drivers for sales into calendar 2021.  The company said that 63% of their HDD revenue in C3Q 2020 was from mass capacity HDDs, including nearline HDDs.  The company also expects some consumer rebound for HDDs in 2021.  In the long run, the conversion to majority mass capacity HDDs will raise ASPs and by 2024-2025 start to increase total HDD unit shipments, further driving revenue and profitability.

Seagate:  Long Term Opportunities with Mass Storage HDDs