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Seagate Technology (NASDAQ:STX)

Written By: langdon on November 7, 2009 No Comment

Seagate Technology (NASDAQ:STX), is the world leader in hard disk drives and storage devices for enterprise, desktop, mobile computing, consumer electronics, and external/networking storage solutions markets. Seagate products span the storage application landscape, including data centers, mainframes, workstations, desktop and notebook PCs, netbooks, digital video recorders, gaming consoles, home entertainment devices, external backup and networked storage. The company markets storage devices and products under the following brands: Cheetah®, Savvio®, Constellation®, Barracuda®, DiamondMax®, Momentus®, MobileMax™, Pipeline HD™, FreeAgent™, BlackArmor®. Seagate also owns i365, a company that provides data storage solutions for businesses, including online backup, data protection, and recovery solutions. Seagate sells its products primarily to original equipment manufacturers (OEMs), and distributors who sell its products to small OEMs, dealers, system integrators, as well as through retail. The company was founded in 1979 and its executive offices are in Scotts Valley, California. The company employs 55,000 people worldwide and has world wide revenue of approximately $12 Billion/year.

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