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Please vote for iTek IT Solutions as service provider for Halstead 2012
It would be great to win an award and you could win £100 to spend

To vote CLICK HERE

or you can vote as below



Text the words VOTE (space) + ITEK IT SOLUTIONS + HALSTEAD+ your name and postcode to 88882



Tweet your nomination to @BraintreeDC (your nomination, town/village, your name and postcode)



Facebook – post your nomination to our Facebook page ‘Braintree District Council’



Thanking you for your support and business, it is most appreciated!

Chris

* Annual cost thereafter is £60.00 plus VAT per year.

Contact us on 01787 478857 or email sales@itekit.com for more information.

Wednesday Seagate Chief Executive Officer Stephen J. Luczo saidthat Wall Street analysts are talking nonsense when they say that hard drive production will be back to pre-flood levels by next summer. In fact, he’s predicting a difficult road ahead for the industry given that many of Seagate’s own 130 or so suppliers are still under three feet of water.

“This is going to take a lot longer than people are assuming, until the end of 2012 at least,” he admitted. “And by then, demand will have gone up.”

The flooding in Thailand is currently affecting an infrastructure that produces around 40-percent of the world’s hard drives sold by Seagate, Western Digital and Toshiba, thus pushing average hard drive prices up by 20-percent. That said, industry production this quarter is expected to be 50 million drives shy of the 180 million target.

“It’s going to be very interesting to see who gets drives and who doesn’t,” Luczo said, adding that customers are suddenly eager to stockpile some of Seagate’s load of drives already manufactured even though they sport higher prices.

“Some have offered $250 million upfront,” he told Bloomberg.

But there may be a positive side to the story… at least for hard drive manufacturers. Luczo indicated that the flood has seemingly made the industry a bit more appreciative of hard drive manufacturers. The floods have even given Luczo more leverage on prices, but he’s willing to settle on a 20-percent hike for those who commit to one- to three-year contracts rather than raise prices 40-percent across the board.

“People are going to appreciate the complexity of this business,” he said.

Whilst our thoughts and wishes naturally go out to these people and their families it has had a detrimental effect on the cost of Internal Hard Drives supplied. This is due to fabrication plants being forced to close and many other Hard Drives component fabrication plants also closing due to the flooding.

At this point supply is severely affected with no clear visibility as to when the situation will ease as it continues to rain and we wait for the flood waters to subside.