This reflected the rapid growth of the market for hard drives in desktop computers. It was incorporated inas Shugart Technology.
At the beginning ofForbes magazine named Seagate its Company of the Year as the best managed company in the United States. In April of that year Seagate signed an agreement with Corning, the glass manufacturer, to provide a new glass-ceramic compound for use in disks.
At the same time, Seagate also benefited from the current PC owner trend toward buying new higher capacity drives to run more powerful programs.
He had been admitted last week and died of complications from heart surgery, said a company spokeswoman, Julie Still He was still working until the day of his death, checking e-mails for his new company, Al Shugart International, a startup incubator based in Santa Cruz, Still said.
Seagate began marketing more to value-added resellers VARsdealers that package stripped-down computer components and software and resell them as specialized systems.
Nearly all devices from cellphones and digital cameras to servers and laptop computers require vast amounts of memory to store all manner of data. Seagate U4 — the first low-cost 3. Seagate was faced with another problem in the fall of —the replacement of its ten-megabyte drives, which were becoming obsolete as higher capacity drives appeared on the market.
Between andSeagate reduced its headcount from approximatelyto approximately 50, rationalized its factory footprint from 24 factories to 11 factories and reduced design centers form seven to three.
Conner not only manufactured disk and tape drives, it owned software subsidiary Arcada Software.
In the s the company expanded into software and presently is the leading provider of technology and products that enable computers to store, access, and manage information, including disk drives, magnetic disks and heads, tape drives, and software.
The company has also lost market share in the hot notebook computer segment and is behind the innovation curve on up-and-coming solid state drives. Some analysts considered its stock undervalued, and there were rumors that Fujitsu and IBM were interested in acquiring the company.
Seagate announced that it was moving its headquarters and most staff from Scotts Valley to Cupertino, California. He also pulled away from the practice of outsourcing the production of components overseas, which allowed Seagate to better keep up with demand as the demand for PCs increased exponentially inacross the market.
Therefore, the market was open for an independent company like Seagate to manufacture hard drives and sell them directly to computer manufacturers. Gary Filler, former vice-chairman, replaced Shugart as chairman.
Producing Hard Disks for Computers: While revenues were flat over the previous year, the company improved its profitability in spite of price erosion on disk drive products through extensive cost-cutting and restructuring. The latter was buying stripped-down IBM personal computers, furnishing them with Seagate drives and selling them to retailers at bargain prices.
The new material allowed Seagate to reduce the distance between a disk and its magnetic read-write head, which enabled a higher capacity for data.
The company was investing in technologies and companies that would be significant for data management in the future. InAl Shugart was replaced as president by then chief operating officer, Tom Mitchell, in order to move forward with corporate restructuring in the face of a changing market.
Seagate was his second startup after having founded Shugart Associates, the company that made floppy disk drives a standard feature on personal computers. He worked well with engineers, helping them achieve their goals, an important skill in the high-tech industry, his associates said.
About Seagate Seagate creates space for the human experience by innovating how data is stored, shared and used. Shugart leaves his wife, Rita, four daughters, a son, and seven grandchildren.
Dressed in a floral Hawaiian shirt, shin-length bell bottoms, red socks, and sandals, Mr. Its 1-inch drives are the archives for cameras and MP3 players.
The building boasts a host of environmentally-friendly features such as large scale solar panels, passive displacement ventilation, energy-efficient lighting and rainwater harvesting systems. The company had added 32, square feet to its Singapore plant, where the 3.
Diminished growth of personal computer sales came just as the disk-drive companies were squeezing the last profits from their older product lines. The deal was completed in February Although Seagate remained the undisputed leader in market share, ups and downs in the demand for the personal computer market were a serious concern.
InSeagate announced that it was moving its headquarters and most of its staff from Scotts Valley to Cupertino, California. In JulyShugart resigned his positions with the company.
Together, Seagate and Conner accounted for about 33 percent of all hard-drive units sold inmaking the combined company the market-share leader ahead of Quantum Corporation. Conner Peripherals also entered the tape drive business with its purchase of Archive Corporation.Dec 14, · Alan Shugart, 76, co-founder of hard-drive titan Seagate Technology.
ALAN SHUGART (SAN JOSE MERCURY NEWS FILE/) By May Wong, Associated Press | December 14, Al Shugart International, a startup incubator based in Santa Cruz, Still said.
Jon Van Bronkhorst is Vice Chairman/Exec VP at AL Shugart International. See Jon Van Bronkhorst's compensation, career history, education, & memberships.
Investor Relations Seagate Technology. Al Shugart, the flamboyant co-founder of Seagate Technology LLC who once ran his Bernese mountain dog Ernest for Congress, died Tuesday in a Monterey hospital following complications from heart.
The new facility, named “The Shugart” in honour of the founder of Seagate, Al Shugart, will focus on the development of inch small form-factor hard drives, hybrid drives, firmware, software and technologies.
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“ Seagate Dumps Shugart. Bill Watkins (Seagate) William D. Watkins is the former CEO of Seagate Technology, the world's largest manufacturer of hard drives.
Watkins was appointed as the company's CEO in and served in this position until January When Seagate acquired Conner, then-CEO Al Shugart made Watkins responsible for the company's four drive Nationality: American.Download