48 Facts About Seagate Technology

Seagate Technology Holdings plc is an American data storage company.

In 1989, Seagate Technology acquired Control Data Corporation's Imprimis division, the makers of CDC's HDD products.

Seagate Technology acquired Conner Peripherals in 1996, Maxtor in 2006 and Samsung's HDD business in 2011.

Seagate Technology was incorporated on November 1, 1978, and commenced operations with co-founders Al Shugart, Tom Mitchell, Doug Mahon, Finis Conner and Syed Iftikar in October 1979.

Seagate Technology came into being when Conner approached Shugart with the idea of starting a new company to develop 5.

Related searches

The name was changed to Seagate Technology to avoid a lawsuit from Xerox's subsidiary Shugart Associates.

In 1989, Seagate acquired Control Data's Imprimis Technology, CDC's disk storage division, resulting in a combined market share of 43 percent.

Seagate Technology pulled away from the practice of outsourcing the production of components overseas, which allowed Seagate to better keep up with demand as the demand for PCs increased extremely rapidly in 1993 across the market.

In 1991, Seagate Technology introduced the Barracuda HDD, the industry's first hard disk with a 7200-RPM spindle speed.

In May 1993, Seagate Technology became the first company to cumulatively ship 50 million HDDs over its firm's history.

The following year Seagate Technology Inc moved from the Nasdaq exchange to the New York Stock Exchange, trading under the ticker symbol SEG.

In 1996, Seagate Technology merged with Conner Peripherals to form the world's largest independent hard-drive manufacturer.

In May 1995, Seagate Technology acquired Frye Computer Systems, a software company based in Boston, Massachusetts.

In 1996, Seagate Technology introduced the industry's first hard disk with a 10, 000-RPM spindle speed, the Cheetah 4LP.

In May 1997, the High Court of Justice in England awarded Amstrad PLC $93 million in a lawsuit over reportedly faulty disk drives Seagate Technology sold to Amstrad, a British manufacturer and marketer of personal computers.

That year Seagate Technology introduced the first Fibre Channel interface hard drive.

In 1997, Seagate Technology experienced a downturn, along with the rest of the industry.

Seagate Technology decided to implement a highly automated platform strategy for manufacturing.

Between 1997 and 2004, Seagate Technology reduced its headcount from approximately 111, 000 to approximately 50, 000, rationalized its factory footprint from 24 factories to 11 factories and reduced design centers form seven to three.

Seagate Technology developed by the center would include devices like the hard drive disk for Microsoft's first Xbox.

Luczo led a management buyout of Seagate Technology, believing that Seagate Technology needed to make significant capital investments to achieve its goals.

Seagate Technology decided to turn the company private, since disk drive producers had a hard time obtaining capital for long-term projects.

Seagate Technology was incorporated in Grand Cayman and stayed private until it re-entered the public market in 2002.

In 2003, Seagate Technology re-entered the HDD market for notebook computers and provided the 1-inch disk hard drives for the first iPods.

In 2010, Seagate Technology reinstated its dividend and began a stock buyback plan.

Related searches

In 2010, Seagate Technology announced that it was moving its headquarters and most of its staff from Scotts Valley to Cupertino, California.

In 2013, Seagate Technology was the first HDD company to begin shipment of shingled magnetic recording drives, announcing in September that they had already shipped over 1 million such drives.

In February 2016, Seagate Technology was hit with class action lawsuit over the defective hard drives they sold.

In January 2017, Seagate Technology announced the shutdown at Suzhou, China — one of its largest HDD assembly plants.

In June 2018, Seagate Technology was honored at the 14th Annual Manufacturing Leadership Awards Gala in Huntington Beach, California.

In 2018, Seagate Technology invested in Series A and B of Ripple, an enterprise blockchain company.

In 2019, Seagate Technology invested £47 million in a research and development project at its Derry factory.

In 2020, Seagate Technology announced that it was moving its headquarters and most of its staff from Cupertino to Fremont, California.

In 2020, Seagate Technology laid off 500 employees across 12 countries in between May and June due in a push for better operational efficiencies.

Seagate Technology planned for the rearrangement of more resources, including combining facilities in Minnesota.

In September 2020, Seagate Technology announced it had entered the object-storage business and introduced CORTX, an open-source object storage software, Lyve Rack, a reference architecture based on CORTX, and a corresponding developer community.

In November 2021, at the Open Compute Summit, Seagate Technology demonstrated the industry's first native NVMe hard disk drive.

In May 2022, Seagate Technology presented and demonstrated their LiDAR system at the Autosens conference in Detroit.

Today Seagate Technology offers various internal SSD and HDD products that are classed by name for their intended usage:.

Seagate Technology offers various external storage product series for computers and laptops:.

In June 2021 Seagate Technology introduces the Exos CORVAULT, a 4U block storage system with dual storage controllers powered by Seagate Technology's own "VelosCT" chip.

Seagate Technology was traded for its early existence as a public company under the symbol "SGAT" on the NASDAQ system, then moved to the NYSE under the symbol "SEG" in the 1990s.

In 2000, Seagate Technology incorporated in the Cayman Islands in order to reduce income taxes.

Seagate Technology re-entered the public market in December 2002 on the NASDAQ as "STX.

In 2005, Seagate Technology acquired Mirra Inc, a producer of personal servers for data recovery.

Related searches

The following year, Seagate Technology acquired EVault and MetaLINCS, later rebranded i365.

In 2014, Seagate Technology acquired Xyratex, a storage systems company, for approximately $375 million.

In October 2021, a report by U S Senate Republicans claimed that Seagate violated Export Administration Regulations by selling parts and components to Huawei following U S sanctions against the Chinese telecommunications company.