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.
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