Seagate CEO says drive production won’t return to normal until the end of 2012

While the flooding in Thailand is not getting any better, the technology is greatly affected, notably with hard drive pricings going through the roof.

With prices getting so high, if it keeps up, we may see ourselves saving money by buying SSDs instead, although we hope that won’t be the case, and as a matter of fact, everyone was hoping for the price to rebound.

Unfortunately, we are wrong, very wrong, as said Seagate CEO Stephen Luczo during a talk with Bloomberg, he even describes estimates of a return to “pre-flood” production level as “nonsense.” He also added:

“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”

So according to Luczo we have a tough year ahead of us, but this may not only hit consumers, companies working on cloud-based super servers will probably encounter as much problem as we are.

On thing is sure: we’ve never hoped so much for Seagate’s CEO to be wrong…

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