Seagate announces 12 new products

Mumbai: Reinforcing its leadership position in all major disc drive market segments, and further extending the industry's broadest product portfolio, Seagate Technology (NYSE:STX) has introduced an array of new products targeting applications ranging from MP3 players to DVRs and other consumer electronics, notebook computers, PCs, servers and corporate data centers.

These new disc drives include the world's first 1-inch, 5GB hard drive, solutions in 2.5-inch and 3.5-inch form factors, serial ATA, serial attached SCSI and fibre cannel interfaces, with speeds of up to 15,000 RPM and storage capacities of up to 500GB.

"With this major new product introduction, Seagate is leveraging a business model based on technology ownership, advanced manufacturing capabilities and an ability to serve an increasingly diverse global customer base," said John Donovan, vice president of TrendFOCUS, a Los Altos, California-based market intelligence firm. "Successful execution of these new product programmes will allow Seagate to address approximately 97 per cent of the total available market for disc drives, which is expected to grow from 261 million units in 2003 to 380 million units in 2006."

"The scope of our capabilities and the full spectrum of products that Seagate offers, we believe, is unrivaled in the market today," said Seagate president Bill Watkins. "Combined with analyst forecasts for strong long-term growth in storage and a proliferation of new applications, we feel that Seagate is uniquely positioned to serve the widest range of customers in both the compute and non-compute markets, across all form factors, capacities and performance platforms. This continues to be increasingly important in an industry of growing complexity and segmentation driven by customer and market trends."

While Seagate's previous generation of hard disc drives enabled the company to solidify its leadership position and meet the digital storage needs of all the top 10 largest computer systems companies, today's announcement increases the full spectrum of hard disc drives Seagate can now offer and includes: