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1025 Seagate Stock Falls on CEO Comments Suggesting Manufacturing Pullback

The Information
Anita Ramaswamy @ The Information · 05/18/2026 19:15 EDT

Seagate Stock Falls on CEO Comments Suggesting Manufacturing Pullback

Shares in Seagate Technology, which makes hard disk drives for data storage, fell 7% Monday after CEO William Mosley suggested the company was more focused on increasing capacity on its individual hard drives than “building new factories or bringing up new machines that would just take too long. ...

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