Thum- it is used in data centers for cloud storage but as everything move to cloud there will be no more demand for hdd by end consumer. And as Ray correctly pointed out how many data centre are there in the world v the number of consumer population. Even then data centre are now moving from hdd to ssd. 3d nand ssd and cloud will reduce the demand for hdd for sure.

Mika- depends what your definition of good is. For me it's not good if 50% of the earning is due to forex gain again because that shows the sales is not increasing which is very bad. TP can be whatever you want it to be but let's face it, this counter have been limping along between .50 to .75 for the last 14 months and in fact if you take the forex gain out from last quarter the real sales earning have actually dropped.

Love Ray or hate Ray, there is a lot of truth in what he said.

Soon to be Obsolete Technology
Posted by Michael Silvera | Friday, 1 January 2014 | Gaming News, Opinion Piece, Tech News

Hard Disc Drives (HDD). Yes, they are bound to leave. With services like cloud storage being offered by many companies, it isn’t hard to see. These will soon leave the lives of many people, but don’t feel like tangible drives will be obsolete. Solid State Drives remain here! SSD is quickly becoming the new norm, people simply want something faster than a worm. HDD’s were great in release, but now that people are urging speed. They will make there way out the door and onto the street. Cloud Storage isn’t helping with that trend, soon you will see your self uploading anything and everything your eyes can see. All your music, images, videos, and documents can be quickly uploaded and viewed with nearly everyone having a fast internet connection. SSD’s and Cloud Storage are quickly making us switch from HDD’s, is this something you have already seen yourself doing?

http://gaminrealm.com/2014/01/03/soon-obsolete-technology/

Prediction? Learn to read. The 4 quarters of earnings I used to work out the pe are factual earnings from the last 4 quarters. Please lean to read and write rather the re phrasing other people's writing. the only lousy prediction here is the one that assumes a company's profit will be identical for the next 3 quarters. You are right I don't follow the smart money because they follow me. Only fools will buy into this counter now at such a high price with threat of ssd in few months and a smart disgruntled forumner about to share the ssd threat with the top 20 share holders.

even if your fantasy earnings come true, The smart money will put their money in Seagate instead as they are OEM and also diversified into ssd.

Q2 2014 - 38,706m profit
Q3 2014 - 25,029m profit
Q4 2014 - 28,211m profit
Q1 2015 = 50,187m profit

EPS = 38.7m + 25m +28.2m + 50.1m = 142m
142m /2 billion shares = .071 EPS

PE = 74.5 / .071
JCY Current PE Ratio = 10.5

Seagate Current PE ratio = 8.5

JCY overvalued?

Question is can the price hold? History say no. WD and Seagate share price drop alot lately due to coming ssd threat so what Ray said maybe correct. If WD and Seagate price continue to fall leading up to June then that will be a sign that the ssd is a real threat.

you assuming they will all sell at once which is unlikely. if he talk to one party at a time, the selling maybe in stages and will be hard to predict when the price hit bottom. easy to be trapped because you do not know how many of the top 20 will sell.

becareful. in 2010 listing they announce 182m capex for expansion. then in 2012 after thai flood announce another 300m for expansion. earning have not improved much and some quarter even losses since. where is result of expansion and where the money gone? now announcing another 500m capex over 10 years? do your research carefully and be caution.