Seagate Technology has made its debut in technology sometime in the year 1979 in Scotts Valley, California. It was founded by Alan Shugart and Finis Conner with their first product ST-506, known to be the first hard disk to fit in the 5.25 inch form factor then called mini-floppy drive. This was released then 1980. the mini-floppy disk evolved and a later version was made called the ST-412 which is a 10-megabyte version. From its humble beginning it became the world’s largest manufacturer of hard drives and storage solutions which have been widely used by different computers ranging from servers, desktops and laptops. It has broaden its services to other consumer devices and gadgets like digital video recorders, Sony Playstations game console, mobile devices, Microsoft’s Xbox, that includes also the portable media players and other automotive navigation system. It does not only manufacture but it is also engaged in design and marketing of its product.
The company has been applauded by consumers and took pride for manufacturing highly rugged 2.5 inch hard drives which is optimized for extreme temperatures, shock and vibration-proof that becomes perfect for automotive system, military and aerospace equipment and video surveillance applications.
Seagate was traded for most of its existence as a public company using symbol of “SGAT” when it started out in NASDAQ system. When it moved to NYSE it also changed its symbol to “SEG”.
The revenue now reaches to $12.7 billion USD which lag behind the competitors like the Hitachi Global Technologies and the Western Digital Corp. It has the highest revenue and net income, with a market capitalization of 7.03 billion USD. If you want money it really isn’t that hard to get a signature loan.