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Disk Drives

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CALIFORNIA | LOCAL
November 11, 1998 | HOLLY J. WOLCOTT
Students at the county's schools will be able to save bigger computerized class projects and download Internet information quicker thanks to a donation of 500 specialized disk drives. The value of the disk drives donated by Imation, a Camarillo computer company, is about $50,000. "We were flabbergasted" by the gift, said Stanley C. Mantooth, assistant superintendent of business and personnel services. "We were just astonished because we thought we were getting disks and not the drives."
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BUSINESS
March 8, 2011 | By Tiffany Hsu, Los Angeles Times
Western Digital Corp., a familiar name in the computer industry, is poised to get a bit more familiar with the $4.3-billion acquisition of Hitachi Ltd.'s data storage business. Computer hard drives made by the Irvine company would make up more than half of the global market share, easily outpacing Seagate Technology, its longtime rival for the market leader position. Analysts said the deal is an effort by Western Digital to solidify its position at a time when sales of tablet computers and flash memory drives are surging while hard drives are sliding.
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BUSINESS
January 24, 1998 | JAMES S. GRANELLI, TIMES STAFF WRITER
A state appellate court on Friday reinstated a major Los Angeles law firm that had been disqualified last year from defending Western Digital Corp. in a $186-million lawsuit. A three-judge panel of the state Court of Appeal found that Irell & Manella had not committed any ethical transgressions to warrant its dismissal from a case it had worked on for more than five years. "We're very happy to be back," said Irell partner Andra B. Greene.
BUSINESS
December 2, 2010 | Bloomberg News
Seagate Technology, the disk-drive maker that ended takeover talks with TPG Capital, also turned down a proposal from competitor Western Digital Corp., according to two people with knowledge of the matter. A combination with Western Digital would have faced antitrust obstacles and may have resulted in management departures, said the people, who declined to be identified because the talks were private. Western Digital indicated to Seagate it was willing to pay 10% to 50% more than TPG, one person said.
BUSINESS
September 16, 1986
Century Data Systems Inc., an Anaheim maker of disk drives, said that it has entered into a tentative agreement to acquire Amcodyne Inc., a privately held maker of 8-inch fixed/removable disk drives based in Longmont, Colo. The company said that it was too early to disclose the terms or the amount. William A.
BUSINESS
February 18, 1986
Microcomputer Memories, a Chatsworth-based manufacturer of disk drives for personal computers, said it fired 26 employees as a result of a change in its marketing operations. The company said it has shifted from selling its equipment to computer equipment makers to supplying the drives directly to retailers and distributors. Microcomputer Memories said the move will cut sales but improve profit margins. Richard Smith, vice president of sales, was among those dismissed, the company said.
BUSINESS
October 4, 1995 | From Associated Press
Disk-drive makers Seagate Technology Inc. and Conner Peripherals Inc. said Tuesday they will merge in a stock swap valued nearly $1 billion. The deal will create the world's largest independent maker of disk drives with revenue of $7 billion and a third of the market. It could spark further consolidation in the industry. Under terms of the agreement, Conner stockholders will receive 0.442 share of Seagate in exchange for each Conner share.
BUSINESS
October 21, 1986
Micropolis, a Chatsworth-based maker of disk drives, reported that in the third quarter ended Sept. 26, its profit increased more than tenfold to $4.9 million, or 44 cents a share. In last year's third quarter, the company earned $453,000, or 5 cents a share. Sales increased 151% from the same period a year earlier to $55.4 million. Micropolis has benefited from the continuing strong demand for its high-capacity, high-speed disk drives, which store and retrieve data for personal computers.
BUSINESS
December 30, 1997 | Bloomberg News
IBM Corp. is expected to announce today that its scientists have doubled their own record in hard-disk information storage, getting more than 11 billion bits in a square inch of disk space. That means that every square inch of disk space can hold 1,450 average-sized novels, or more than 725,000 double-spaced typewritten pages, a stack taller than an 18-story building. Getting more information in the same amount of disk space is important because it lets disk drive manufacturers lower costs.
BUSINESS
September 23, 1986 | JAMES BATES, Times Staff Writer
Computer Memories, a former disk-drive manufacturer that now is liquidating assets, is asking shareholders for permission to reincorporate in Delaware. The move is primarily intended to take advantage of the state's new law that allows companies to eliminate directors' liability for negligence. The Chatsworth-based company's disclosure, which was made in proxy materials mailed to shareholders last week, comes amid the recent heavy trading in the concern's stock.
BUSINESS
December 22, 2006 | From Bloomberg News
Seagate Technology, the biggest maker of computer disk drives, agreed to buy EVault Inc. for $185 million to expand in online data storage services. EVault, with more than 250 employees, provides networked access to archived records and disaster recovery assistance, according to Seagate. The purchase is Seagate's third involving storage services or software, reducing the company's reliance on making disk drives for computers and consumer electronics. In September 2005, Seagate bought Mirra Inc.
CALIFORNIA | LOCAL
December 14, 2006 | Alex Pham, Times Staff Writer
Alan F. Shugart, a pioneer of the hard disk-drive industry and co-founder of Seagate Technology, has died. He was 76. Shugart died Tuesday of complications from heart bypass surgery at Community Hospital of the Monterey Peninsula, where he was admitted last week, according to his daughter Teri Shugart. On the way to the hospital, Shugart continued to work, making calls to companies he was advising. "He loved what he was doing," said Teri Shugart.
BUSINESS
June 5, 2006 | May Wong, The Associated Press
Bill Healy held the future in his pocket. The senior vice president of Hitachi Global Storage Technologies Inc. whipped out a tiny hard drive about the size of a Wheat Thins cracker. The drive's label claimed a capacity of 1,000 gigabytes -- more than 100 times greater than today's models that can hold 8,000 photos or 2,000 songs. It wasn't real.
BUSINESS
October 15, 2003 | From Bloomberg News
IBM Corp. employees knew the company's computer disk drives had a higher failure rate than the company had acknowledged, according to court papers. In courtroom testimony in August in Alameda, Calif., lawyers representing customers suing the company presented e-mail messages showing IBM employees discussing failure rates far higher than the company claims. "Do you mean to tell me we're shipping drives for distribution with knowing defects of 17%?"
BUSINESS
June 22, 2002 | From Times Wire Services
Two technology titans, PC maker Dell Computer and cell phone giant Qualcomm Inc., said Friday that they expected to meet or beat earnings projections in the current quarter. But Maxtor Corp., the world's biggest computer disk drive maker, said it expected a wider-than-forecast second-quarter loss and lowered its sales estimate, blaming price cuts and less demand Dell spokesman Mike Maher said the No.
NEWS
January 25, 2002 | From Bloomberg News
Western Digital Corp., a maker of disk drives used in personal computers and video-game consoles, said second-quarter profit more than tripled on stable sales. The Lake Forest company earned $12.7 million, or 7 cents a share, compared with $3.58 million, or 2 cents, a year earlier, the company said. Sales rose 2.3% to $574.7 million. The company said last month that it benefited from improved PC sales and from Microsoft Corp.'s Xbox video-game console, which uses its drives.
BUSINESS
December 30, 1997 | Bloomberg News
Onsale Inc. shares rose 16% after the Internet computer products retailer said it sold more than $1 million of disk drives in less than a month through an auction on the Web. The shares rose $2.31 to close at $16.44 on Nasdaq. Onsale said the disk drives were heavy-duty models originally intended for industrial file servers. They were manufactured by Micropolis Corp., which is operating under Chapter 11 bankruptcy protection.
BUSINESS
May 6, 1994
Seagate Technology Corp., the world's largest maker of disk drives for personal computers, said Thursday it has laid off 103 workers at its Orange County plant. Claire West, spokeswoman at Seagate's headquarters in Scotts Valley in Northern California, said the company is phasing out older products at the Anaheim plant, which makes the aluminum disks that serve as the basic storage components in disk drives. "Business is good for our products but we decided to phase out this line," she said.
BUSINESS
October 27, 2000
Disk-drive manufacturer Western Digital Corp., facing price wars and component shortages, posted a loss of $33.5 million, or 23 cents a share, for the fiscal first quarter. The Irvine company struggled through a "challenging" quarter, acknowledged Matt Massengill, president and chief executive officer. But results were in line with expectations, he added. The loss was after an extraordinary gain of $11.2 million, or 7 cents a share, from redeeming debentures for common stock.
BUSINESS
July 28, 2000 | KAREN ALEXANDER TIMES STAFF WRITER
Western Digital Corp. of Irvine, long battered by an industry pricing war, Thursday reported a net profit of $4.2 million for the fiscal fourth quarter to end 10 consecutive quarters of net losses. The earnings for the world's third-largest disk-drive manufacturer amounted to 3 cents a share. It lost $101.5 million, or $1.12 a share, in last year's fourth quarter. Western Digital's profit for the quarter ended June 30 was aided mainly by a $19.5-million tax benefit.
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