Seagate did OK on earnings but missed revenue so it dropped like a rock.
Too bad for Seagate but I don't think that will reflect on WDC's earnings.
Seagate offers next to nothing in solid state memory while WDC, especially after the purchase of SNDK, has a ton to offer in solid state memory.
Also, Feb 6, 2017 ...
Western Digital Corp. (NASDAQ: WDC) today announced that it has commenced pilot production of the company's 512 Gigabit (Gb) three-bits-per-cell (X3) 64-layer 3D NAND (BICS3) chip in Yokkaichi, Japan, with mass production expected in the second half of 2017.
Could it be that STX was short on revenue because buyers are waiting for 3D-Nand?
Also, looking at Best Buy, I noticed they are already selling 32-layer memory. They also sell a ton of WDC product and have next to nothing from STX.
Because of today's WDC drop, I haven't yet replaced the 90 Calls that I repurchased. I still have tomorrow to do that because WDC doesn't report till after the market closes.