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The Information Technology 100

50

Seagate Technology

The Big Kahuna of the disk-drive market may have finally put to rest one of the industry's ongoing debates: Is vertical integration good? In the past, critics said Seagate's insistence on making all the components, such as magnetic heads, was too costly and time-consuming. But two years after emerging from a leveraged buyout as a public company once again, Seagate has the biggest economies of scale, the broadest product line, and is now in the driver's seat as demand for disk drives grows.

That helped Seagate post revenue growth of 10%, to $5.8 billion, through the first three quarters of its fiscal year -- impressive, given the relentless pricing pressure in the disk-drive business. Indeed, unit shipments jumped 28% in its most recent quarter. There's excitement ahead, too. Seagate is strong in consumer markets, where many believe that hundreds of millions of cell-phones will soon have drives to handle home videos and digital music. And then there's the TV crowd that's starting to store terabytes worth of HDTV-quality flicks. The Big Kahuna could get bigger yet.

Company Info

STOCK INFO STX
Revenues* $6.7 BILLION
Revenue Growth 4.2%
Return on Equity 17.3%
Total Return75.7%
Profits* $394 MILLION
Industry COMPUTERS AND PERIPHERALS
CORPORATE WEB SITE
All figures are for the most recent available 12 months.

* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.


Data provided by Standard & Poor's Compustat, BusinessWeek

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Company Snapshot

Seagate Technology engages in the design, manufacture, and marketing of products for storage, retrieval, and management of data on computer and data communications systems. It offers rigid disk drives that are used as the primary medium for storing electronic information in systems ranging from desktop computers and consumer electronics to data centers delivering information over corporate networks and the Internet. Seagate sells its rigid disk drives primarily to original equipment manufacturers, distributors, dealers, system integrators, and retailers throughout the world. The company was founded in 1979.It was formerly known as Seagate Technology Holdings and changed its name to Seagate Technology in 2002. The company is headquartered in George Town, Cayman Islands.

No. of Employees

40,000


Data provided by Capital IQ
William D. Watkins

William D. Watkins

AGE: 51

Titles

President, Chief Executive Officer and Director

CEO Bio >

Total Compensation*

$ 1 MILLION

Total Value of Options**

$ 16.7 MILLION

Degrees Held

NA

* Latest available fiscal year
** The sum of the net value of options exercised and held in the latest available fiscal year

Key Executives

William D. Watkins, Charles C. Pope, David A. Wickersham, Brian S. Dexheimer, William L. Hudson, John P. Weyandt, James M. Chirico, Jr., Jaroslaw S. Glembocki, Mark H. Kryder

Board Members

William D. Watkins, Stephen J. Luczo, William W. Bradley, James G. Coulter, James A. Davidson, Glenn H. Hutchins, Donald E. Kiernan, David F. Marquardt, Lydia M. Marshall, Gregorio Reyes, John W. Thompson


Data provided by Capital IQ
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