Seagate is Forbes company of the year 2005

By Justin Mann on December 30, 2005, 7:26 PM
We heard earlier this month that Seagate would, over the course of the next year, be absorbing Maxtor and all its facilities. Now, after the very high increase in stock that news brought and higher than average revenues, Forbes has listed Seagate as their company of the year for 2005. With nearly a billion in net profit the last year, Seagate grew an incredible amount, even while hard drives prices per gigabyte dropped dramatically. Seagate offers products to all lines from entry level PC, office and home, enthusiast and enterprise, giving them lots of wiggle room. How the takeover of Maxtor will affect them in the long run we won't be seeing for a few years yet. Full article here.




User Comments: 28

Got something to say? Post a comment
nathanskywalker said:
You know what, hec yeah! all for it. Better quality, better prices! I think both will accompany Seagate's growth. personally i think they have some of the hardiest drives in existence, all that and for reasonable prices.
Rage_3K_Moiz said:
I love Seagate. Fantastic company and long-lasting drives which give superb performance. And, as nathanskywalker said, for reasonable prices. And they're acquiring Maxtor, which speaks volumes about their reputation.
Eleventeen said:
This is cool. Seagate really deserves this. These people probably make the best hard drives out there, and they are expanding alot. That will make prices drop, and make more people buy their products. I hope Seagate will be the best company out there for hard drives, if they aren't already.
DragonMaster said:
I can see that Seagate seems good but my only Seagate drive died for no reason while my Quantums died because they were dropped, etc. Maxtors had a lot of mfg. defects and my only WD seems really good.Note that my Seagate was a 400MB OLD thing. Were they reliable back then?
Rhianntp said:
I work at Office Max and recently we started carrying seagate products. I must say their line up of internal drives is awesome. The 250 and 300 GB especially. Having 16mb cache and great access times. It's no wonder they won this award.
otmakus said:
And lately, Seagate starts launching hard drives with 5 years warranty, that tells us they're confident with the quality of their drives. I just hope they don't get too big and start forgetting about their consumers, like MS does in OS world.
cyrax said:
Cheers seagate! another year of blessing us with stable affordable storage. can't wait for 2006
zephead said:
NOOOOOOOO!! maxtor rules them all. if they kill off the maxtor lines or make them worse i will be seriously disappointed.
realblackstuff said:
Back in the days of the first IBM PC's, those with the 8088 or 8086 processor, Seagate produced the famous 20MB (that's TWENTY MEGAByte!) model ST125 harddisks.They were twice the size of todays harddisks, but boy, were they sturdy!Friend of mine has one in his vintage IBM-PC and it is still working perfectly!My second PC sported an 80MB Seagate HD, and I was King of the Heap!I dabbled with Quantum disks for a while and fell in the death-trap of IBM's DeathStar HDs. Since then I changed back to Seagate and am very happy with their Barracudas.GO, Seagate, GO!
Handyman said:
The fact of the matter is that ALL hard drives can break down no matter who makes them. WD is not as good as its reputation sais. Seagate is expanding rapidly and that's why they got number one in Forbes. But still I will never forgive Seagate for killing Maxtor. Less manufacturers=Higher prices.
dbuske said:
I never had a seagate drive go out on me. I only replace them if Seagate has newer faster technology.I bought 1 maxtor and it went south in less than 6 months.
kokomen said:
I think this kind of thing doent help us too much. As handyman said, its mean higher prices, though, if seagate wants continuing been the bigger seller, i dont think that bigger prices help them to go on this way.
robikewl said:
Guess, this was coming.I had a Seagate on my first PC, about 9 yrs now. Still working like a dream.Don't know what will happen after the aquisition.Hope the quality does not drop.
mentaljedi said:
Seagate is getting good and has brilliant quality. But so has GOogle and look wats happenig to them: Hack and SUe dot com!
DragonMaster said:
Kewl, seems that Seagate is pretty good.Oh, and I had an other Seagate, a 32MB one. Failed one day, with all the data on it... :cry:
vigilante said:
Oh no, I sure hope that CRAP Maxtor doesn't leek its poison into the Seagate line. I'd be really dissapointed if Seagate learns anything from Maxtor, it'll take them right downhill.I hope they are absorbing Maxtor to get RID of them!
PUTALE said:
seagate really is on a roll. I remember like few years ago, they had huge problem with their HD. Now they are the No1 maker of the HD (and No1 in my choice). With the accqusition of Maxtor, Seagate is prone to be bigger than ever. Let's hope that they keep up with their product and services.
luvhuffer said:
I have used Maxtors exclusively for a while now. I have found them to be relatively trouble free except for one ocasion when the Maxtor died after 2 months. The faulty 80GB drive was replaced with a 120GB model. If nothing else, Maxtor knew how to take care of business. The business model trend seems to be to buy the competition then kill them off. Obviously reputation alone didn't cut it for Seagate. I suspect the earlier posters worry of less competition = higher prices will be the net result. Nothing I can do about it but to wish them luck.
Crofty74 said:
I like seagate drives and I was fortunate to have got lucky and missed them in a bad year it seems.This last 9 months I have had trouble getting my hands on the seagate drives with the specs I would have liked to have put into people PC's, they seem to come into stock and straight back out again, so Ive been opting for the Maxtor ones instead, which have been fine (so far).
raystorm said:
I'm in the process of building a new pc (I've picked out most of the parts) and I've been eyeing one of Seagate's Barracuda drives (the .8 series since they are pretty cheap now). I've never owned a seagate drive but I know of their reputation. Right now my Samsung drive has a bunch of bad sectors so I have to pick a drive soon and it could be Seagate drive.
Rhianntp said:
[b]Originally posted by otmakus:[/b][quote]And lately, Seagate starts launching hard drives with 5 years warranty, that tells us they're confident with the quality of their drives. I just hope they don't get too big and start forgetting about their consumers, like MS does in OS world.[/quote]I knew I forgot something! yes the 5 year warranty
boril said:
I owned hard drives made by all manufactures without single problem , but also I know for hard drives made of all manufactures which stop working without any reason. Some of my friends thought that after Maxtor bought Quantium - their drives quality suffer because of the problems which Quantium had with it's own latest drives at that time. The latest case with faulty drive was with my friend's 80GB Seagate SATA (I own same too :( ) suddenly stop working - he succeed to return it for life, when he remove the hard drives controller plate and cleaned oxidation on signal contacs between the plate and the case. I only hope that this deal will be for good :P[Edited by boril on 2006-01-01 01:33:10]
MonkeyMan said:
A goldmine seagate, keep up the good work, and look forward to great things from this company.
werty316 said:
I am not surprised by this to the least. I have had an 80GB forlong time and it has been running strong ever since and you gotta love the 5yr warranty.
vigilante said:
Alls I know is, since working in a repair shop, 90% of PCs with a dead hard drive are Maxtor. Say what you like, it is simple fact in my neck of the woods. When a PC comes in with a bad HDD, we take bets that it'll be a Maxtor. And usually is.
mentaljedi said:
[b]Originally posted by vigilante:[/b][quote]Alls I know is, since working in a repair shop, 90% of PCs with a dead hard drive are Maxtor. Say what you like, it is simple fact in my neck of the woods. When a PC comes in with a bad HDD, we take bets that it'll be a Maxtor. And usually is.[/quote]Funny. But maybe with Seagate in the picture, things may turn for the better.
luismigilbert said:
i agree with zephead, maxtor products have great reliability and performance..seagate's HD have never been my first decision....a near billion on net profit..superb...
Kreuger said:
I always thought Maxtor was the biggest company in manufacturing hard drives. I guess not. I've got a Seagate drive which is my main one and a Maxtor for storage. I recently got my Maxtor as I had to RMA the one I had. Only drive I've ever had to do that with. Sucks but it happens I guess. Anyway, go Seagate!
Load all comments...

Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.