Says the CEO:
This is going to take a lot longer than people are assuming, until the end of 2012 at least. And by then, demand will have gone up.
Currently, the floods have affected the infrastructure that is producing around 40 percent of the world's hard drives.
With supply drying up and demand growing, some customers have offered Seagate $250 million in upfront cash to lock up some capacity. For now, the CEO says he could raise prices another 20 percent but prefers to sign up customers for 1-3 year contracts at the current rates, instead.












