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Seagate is Forbes Company of the Year ! - 12/31/2005 10:39:22 AM   
SiliconFreak


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Joined: 7/4/2003
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First Seagate announced that it is acquiring Maxtor and now it has been named Forbes Company of the Year.  Considering how many Americans (and technology-inclined folks around the world) are touched by disc storage be it in your desktop, notebook, MP3 player, digital camera, PDA or Tivo device, it comes as no surprise that a storage giant like Seagate is on the up and up. 

Its $925 million net for the past 12 months was three times what its two nearest competitors earned, combined. Its revenue in 2005 climbed 21% to $7.5 billion, even as the disk industry saw its price per byte of capacity fall by 40%. For 2006 analysts expect sales to approach $9 billion. By redefining storage as a sexy, high-growth, high-return business, Seagate earns its title as the Forbes Company of the Year.


Source : Anandtech
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