Seagate Plunges: FYQ4 Misses by a Mile, Luczo Steps Aside as CEO

Tech Trader Daily
By Tiernan RayJul 25, 2017, 9:17 am130 ptsTrending
CEO Steve Luczo of hard disk maker Seagate is moving to the role of executive chairman, handing the baton to the company's COO, after quarterly results missed by a mile, sending the stock sharply lower. Wells Fargo said it was a result of weakness in producing enterprise-grade hard drives.

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