December 22, 2006 |
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 |
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.
June 5, 2006 |
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.
October 15, 2003 |
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%?"
June 22, 2002 |
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.
January 25, 2002 |
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.