The hard disk drive manufacturer continued to lose ground after a terrible day Thursday, on which it fell 20% in the wake of a warning on revenue and profits for its just-ended fiscal third quarter. Seagate is seeing demand for its smaller drive products start to give way toward cloud-based solutions, and that will put even more pressure on the company to make the transition toward its larger enterprise-targeted drive products. In addition, as solid-state memory solutions become more cost-effective, Seagate will have to figure out how to create a bigger presence in that market as well in order to defend its overall market share in the storage area more broadly. Until that strategy becomes clearer, Seagate could have trouble rebounding from its declines.