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Seagate(Strategic 100 2010)

By CIO New Zealand staff | Thursday, January 20 2011
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Global HQ: Scotts Valley, California, US

Website: www.seagate.com
Global leader: Stephen Luczo, chairman, CEO and president
Local leader: Ian McLean, country manager, Australia and New Zealand
Core activity: Manufacturer of hard drives and storage solutions
Revenue: US$11.4 billion (2009-10, ended July 2)
Key customers: Not disclosed
Employees: 54,000

In 2010, global drive production exceeded demand and to protect its market share against rivals Western Digital and Hitachi, Seagate is prepared to take a hit on prices, CEO Patrick O’Malley told Reuters in August.

Seagate mainly sells its disk drives to major original equipment manufacturers, distributors and retailers. As well as hardware, it is providing storage services for small- to medium-sized businesses, including online back-up, data protection and recovery solutions.

Seagate claims to have a 60 percent market share in the enterprise space. It plans to leverage this position to launch next-generation, flash-based solid-state drives that are faster than traditional storage, but also more expensive.
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