Seagate (NASDAQ: STX) is a manufacturer of hard drives and storage solutions. Founded in 1979 as Shugart Techologies, Seagate has nominal headquarters at the Ugland House in the Cayman Islands and has a large operational office in Scotts Valley, California.
In 1979 Seagate is founded as a disc drive manufacturer. A collaborative effort between co-founders: Al Shugart, Tom Mitchell, Doug Mahon, Finis Conner and Sayed Iftakher.
Their first product ...
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Seagate (NASDAQ: STX) is a manufacturer of hard drives and storage solutions. Founded in 1979 as Shugart Techologies, Seagate has nominal headquarters at the Ugland House in the Cayman Islands and has a large operational office in Scotts Valley, California.
In 1979 Seagate is founded as a disc drive manufacturer. A collaborative effort between co-founders: Al Shugart, Tom Mitchell, Doug Mahon, Finis Conner and Sayed Iftakher.
Their first product (released in 1980) was the 5-megabyte ST-506, the first hard disk to fit the 5.25-inch form factor of the (by then famous) Shugart "mini-floppy" drive. The hard disk was a hit, and was later released in a 10-megabyte version, the ST-412.
In the early 1980s, Seagate secured a contract as a major OEM supplier for the IBM XT, IBM's first personal computer to contain a hard disk. The large volumes of units sold to IBM, as IBM was the dominant supplier of PCs at the time, fueled Seagate's early growth.
In 1983, Al Shugart was replaced as president...
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