Industry categories:      Systems  |  Networking and communications  |  Storage management  |  Security  |  Software infrastructure  |  Services  |  Business applications  |  Internet services

Seagate Technology


Seagate has no immediate plans to move into the flash memory and solid-state drives (SSD) market even though they are gaining popularity.

The American storage stalwart is happy with its progress in the main disk-drive market, Seagate's chief executive Bill Watkins said at a press event in London recently.

Nonethless, the company will continue to work on ideas and is working on its first solid-state drive.

Earlier this year, Seagate revealed that it aims to ship its two-billionth hard-disk drive within the next five years.

Seagate, which was founded by Al Shugart at the dawn of the computer revolution in 1979, was the first company to build 5.25-inch hard-disk drives for the PC and helped define the hard-disk drive business. Some three decades later, disk drives are still the core business of the Scotts Valley, Calif.-based company.

This company is listed in Systems, Data storage management.



Financials
Fiscal year-end June FY08 FY07 FY06 FY05 FY04
Global revenue (US$millions) 12,708.0 11,360.0 9,206.0 7,553.0 —
Global full-year net income (US$millions) 1,262.0 913.0 840.0 707.0 —
Average year-on-year revenue growth over 4 years 19.05%
Average year-on-year net income growth over 4 years 21.91%
Percentage of revenue from Asia (including Japan/Korea) 43%

Operations
Founded 1979 USA
First Asian office 1982 Singapore
Global employees 54,000
Global employees in Asia 30,000
Asian economies: Total 7 China, Hong Kong, India, Malaysia, Singapore, Taiwan, Thailand

* Data correct as of October 2008. Information was compiled by ZDNet Asia from sources such as official reports, corporate Web sites and financial news sites. ZDNet Asia strived to get the latest information but does not guarantee the correctness or completeness of the data. The information provided on this site is for general informational purposes only and is not an offer to buy or sell any securities.

ZDNet Asia Top Tech categories
Systems  |   Networking and communications  |   Storage management  |   Security  |   Software infrastructure  |  
Services  |   Business applications  |   Internet services  |  


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