Jim Chanos At Ira Sohn: Time To Short Seagate As Death Of PCs Will Collapse Hard Drive Market And Insiders Sell |
| May 09, 2013 | May 2013 Bond Updates |
|
Legendary short-seller Jim Chanos spoke at the Ira Sohn Conference on Wednesday, and suggested betting against hard drive makers, and specifically said Seagate Technology looks like a good short. The mobile computing revolution and the move to the cloud, along with declining PC sales, are set to put increased pressure on hard drive makers going forward. Top executives selling the stock and leaving the company are another sign things don’t bode well for Seagate, he argued. |
| View more at: http://www.forbes.com/sites/afontevecchia/2013/05/08/jim-chanos-at-ira-sohn-time-to-short-seagate-as-death-of-pcs-will-collapse-hard-drive-market-and-insiders-sell/ |
| Related News |