They'll never recover.
1. Their entire industry is going to be replaced by ssds in less than 3 years.
2. The recession will take longer to climb out of it.
3. By then everyone will be buying ssds.
Seagate are screwed, and Danny Devito said it best.
"Back in the days when cars were invented, horsewhip manufacturers started to fail. As time went on, companies that made the best horsewhips fared better until there was only one left. It's horsewhip was the best there was. Unfortunately cars replaced the need for them."
The future is Intel, and Samsung.