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Seagate Technology
(NYSE: STX)
USA
The Big Dog in the disk drive business took big steps to increase its lock on this booming industry in 2005. It grew 32%, to $8.88 billion, and that was before its $1.9 billion acquisition of rival Maxtor. In an effort to minimize the turmoil that often accompanies mega-mergers, CEO Bill Watkins has set clear marching orders. No Seagate products will be discontinued, and no Seagate employees will be fired. That's tough talk, but may be the most pragmatic way to ensure that Seagate doesn't lose focus as it tries to win even more share as consumers load up on gigabytes for their digital cameras, iPods, and for those new PCs once Microsoft's Vista appears next year.
Company Info |
|
| 2005 Rank | 50 |
| Sales* ($ Millions) | 8,856.0 |
| Sales Growth (over prev. year) |
32 % |
| Profits* ($ Millions) | 1,113.0 |
| Return on Equity | 32.3 % |
| Total Return on Sales (12-mo.) | 11.8 |
| Share Price As of 5/31/06 | 23.35 |
| CURRENT MARKET INFO | NYSE: STX |
| No. of Employees | 44,000 |
| Industry | Computers & Peripherals |
| COMPANY WEB SITE > | |
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Seagate Technology engages in the design, manufacture, and marketing of hard disk drives, providing products for a range of enterprise, desktop, mobile computing, and consumer electronics applications. The company produces a range of disk drive products for enterprise applications, such as Cheetah and Savvio family, which are primarily used in enterprise servers, mainframes, and workstations. It also produces U Series X and Barracuda ATA/SATA family disk drives for desktop applications, which are used in desktop computers; Momentus family disk drives for mobile computing applications that are used in notebook computers. In addition, the company produces ST1, U Series X, and Barracuda ATA/SATA family of disk drives for consumer electronics applications, which are used in digital video recorders, digital music players, gaming devices, global positioning navigation systems, and photo printers. It sells its disk drives primarily to original equipment manufacturers (OEMs), as well as to dealers, system integrators, and retailers worldwide through distributors. Seagate Technology was founded in 1979 and is headquartered in George Town, Cayman Islands.
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