Seagate Technology

Seagate Technology is the oldest hard drive manufacturers still in operation today, and is currently one of the largest manufacturers worldwide. They design and manufacture a wide variety of drives for use in consumer settings like gaming computers and portable electronics as well as commercial settings such as server storage.

Fast Facts

1. Stock symbol: STX
2. Annual revenue (2007): $11.4 billion
3. Founder: Alan Shugart
4. Year established: 1979
5. Industry: Hard Drives
6. Phone: 345-949-8066
7. HQ: Scotts Valley, California
8. Chairman/CEO: Steve Luczo
9. CFO: Charles C. Pope
10. Staff: 55,000

Key Dates

• 1979: Company founded under the name, Shugart Technology

• 1980: Release their first hard drive, the ST-506

• 1989: Acquired Control Data's disk storage division

• 1992: Releases the Barracuda, the first hard disk with 7200 RPM spindle speed

• 1996: Releases the Cheetah, the first 10000 RPM drive

• 2000: Releases the X15, the first 15000 RPM drie

• December 21, 2005: Confirmed acquisition of chief rival, Maxtor, for $1.9 billion of stock.

• May, 2006: Merger transaction completed, and Maxtor operations fully integrated

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