BNET Industries

Market Cap:$4.6B
Last Fiscal Year Sales:$12.7B
  • Public
  • US
Dow Jones Description

Seagate, who recently acquired EVault-one of the fastest growing technology companies in the United States-is the worldwide leader in the design, manufacture and marketing of hard disc drives, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. Seagate?s business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, and to be the low cost producer in all markets in which it participates. The company is committed to providing award-winning products, customer support and reliability to meet the world?s growing demand for information storage.

Chief Executive OfficerStephen J. Luczo
Number of Employees 54,000
Contact Information

920 Disc Drive

Scotts Valley, California 95066

www.seagate.com

(831) 438-6550

NAICS Code Magnetic and Optical Recording Media Manufacturing: 334613

Recent Events

  • Seagate Technology STX NewsBite - STX Upgraded By Deutsche Securities

    6/26/09 - Bond / Stock Rating - View Story

  • Ahead of the Bell: Deutsche Bank upgrades Seagate

    6/25/09 - Bond / Stock Rating - View Story

  • Seagate Boosts Q4 Revenue View; Targets Profitability By H1'10 - Stocks To Watch

    6/27/09 - Financial Announcement - View Story

  • Seagate introduces FreeAgent external HDDs for Mac; up to 2TB

    6/24/09 - Product Announcement - View Story

  • Seagate's New FreeAgent for Mac Delivers Performance, Capacity and Style

    6/24/09 - Product Announcement - View Story

  • Seagate Launches 3 More SMB Storage Devices

    6/23/09 - Product Announcement - View Story

  • Seagate Launches Three More SMB-type Storage Devices

    6/22/09 - Product Announcement - View Story

  • Seagate to Cut 1,100 More Jobs

    5/13/09 - Financial Announcement - View Story

  • Seagate to Cut 1,100 Jobs in Cost Cuts

    5/13/09 - Stock Split / Dividend - View Story

  • BMO Capital Upgrades Seagate Technology STX to Outperform

    5/04/09 - Bond / Stock Rating - View Story

  • Seagate Launches Replica Automatic Data Backup Device.

    4/29/09 - Product Announcement - View Story

  • Seagate Unveils Green Desktop Hard Drive

    4/25/09 - Product Announcement - View Story

  • Seagate releases Barracuda LP desktop hard drive family

    4/23/09 - Product Announcement - View Story

  • Seagate Slips To Loss In Q3; Guides Q4 - Update

    4/21/09 - Bond / Stock Rating - View Story

  • Electronic Storage Stocks Giving Back Some Ground In Morning Trading

    4/13/09 - Stock Split / Dividend - View Story

  • Seagate: Revenue better than expected; Raises cash to pay debt

    4/13/09 - New Investment - View Story

  • Seagate swings to $273M Q3 loss

    4/24/09 - Financial Announcement - View Story

  • Sector Snap: Data storage companies

    4/08/09 - Bond / Stock Rating - View Story

News & Analysis

seagate technology llc - All News and Analysis

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Decision Makers

Name (plus bio) Position
Stephen J. Luczo Chief Executive Officer
Robert W. Whitmore President & Chief Operating Officer
Brian S. Dexheimer Executive Vice President & Chief Sales and Marketing Officer
Charles C. Pope Executive Vice President & Chief Finance Officer
Mark Brewer Chief Information Officer
Phil Pollok Senior Vice President, New Business Initiatives
Michael J. Wingert Executive Vice President & General Manager, Personal Compute Products
Sherman Black Senior Vice President & General Manager, Enterprise Computer Business
Glenn H. Hutchins Director

Board of Directors

Name (plus bio) Position
Albert Rocky Pimentel Board of Directors.
C.S. Park Board of Directors
David F. Marquardt Board of Directors
Donald E. Kiernan Board of Directors
Edward J. Zander Board of Directors
Frank J. Biondi Jr. Board of Directors
Gregorio Reyes Board of Directors
James A. Davidson Board of Directors
John W. Thompson Board of Directors
Lydia M. Marshall Board of Directors
William W. Bradley Board of Directors
Organization Position Status
Seagate Technology, Inc. Chief Executive Officer Current
Seagate Technology, Inc. Chairman Current
Xiotech Corporation Board of Directors Current
Seagate Technology, Inc. Board of Directors Current
Organization Position Status
Seagate Technology, Inc. President & Chief Operating Officer Current
Seagate Technology, Inc. Executive Vice President & Chief Technology Officer Former
Organization Position Status
Seagate Technology, Inc. Executive Vice President & Chief Sales and Marketing Officer Current
Seagate Chief Sales and Marketing Officer Current
Plantronics, Inc. Director Current
Volume Logic Director Current
Pepperdine University Masters of Science Degree In Business Administration Former
University of Portland Bachelor of Science Degree In Business Administration Former
Organization Position Status
Seagate Technology, Inc. Executive Vice President & Chief Finance Officer Current
Organization Position Status
Seagate Technology, Inc. Chief Information Officer Current
Organization Position Status
Seagate Technology, Inc. Senior Vice President, New Business Initiatives Current
Link A Media Devices Corporation Senior Vice President Current
Negarina Design Studio Senior Vice President Current
Negarina Design Studio Board of Directors Current
Link A Media Devices Corporation Board of Directors Current
Seagate Former
Philips Semiconductors, Inc. Former
Organization Position Status
Seagate Technology, Inc. Executive Vice President & General Manager, Personal Compute Products Current
Cornice Co chief executive officer Former
Maxtor Corporation President & COO Former
University of Minnesota B.S. degree in engineering Former
Organization Position Status
Seagate Technology, Inc. Senior Vice President & General Manager, Enterprise Computer Business Current
Hitachi Computer Products, Inc. design engineer Former

As Chief Operating Officer and Chief Financial Officer, Rocky Pimentel is responsible for leading all worldwide finance, IT, facilities and manufacturing functions, reporting directly to Chief Executive Officer and President, Dave DeWalt. Pimentel is an industry veteran with more than 30 years of change management experience with small, medium and large companies, having most recently served as the Executive Vice President and Chief Financial Officer of Glu Mobile. Before Glu Mobile, Pimentel served as Executive Vice President and Chief Financial Officer at Zone Labs, where he oversaw the company's successful negotiation and merger with Check Point Software. Prior to that, Pimentel was a partner with Redpoint Ventures, where he managed the firm's operational activities and contributed to business and new investment development. Pimentel also held the positions of Senior Vice President and Chief Financial Officer of WebTV Networks, which was acquired by Microsoft in 1997, Senior Vice President and Chief Financial Officer of LSI Logic Corporation and part of the founding management team of Conner Peripherals, Inc., which was acquired by Seagate in 1996.

Organization Position Status
McAfee, Inc. Chief Operating Officer & Chief Financial Officer Current
Seagate Technology, Inc. Board of Directors. Current
Glu Mobile Inc. Chief Financial Officer Former
Zone Labs, Inc Chief Financial Officer Former
LSI Corporation Chief Financial Officer Former
Organization Position Status
Seagate Technology, Inc. Board of Directors Current
Organization Position Status
August Capital Co-Founder Current
OPENLANE, Inc. Board of Directors Current
Xirrus, Inc Board of Directors Current
Seagate Technology, Inc. Board of Directors Current
Microsoft Corporation Board of Directors Current
Mimosa Systems, Inc. Board of Directors Current
Six Apart Board of Directors Current
Netopia, Inc. Board of Directors Current
Skypilot Networks, Inc Board of Directors Current
Autotradecenter, Inc. Board of Directors Current
Western Association of Venture Capitalists President Former
August Capital General Partner Former
Spectra Logic Corporation Former
Sun Microsystems, Inc. Former
Grand Junction Networks Director Former
Seagate Director Former
TVI Corporation Director Former
Adaptec, Inc. Director Former
Stanford University MBA Former
Columbia University BSME Former
Organization Position Status
Health Management Associates, Inc. CFO, Senior Executive Vice President Current
Health Management Associates, Inc. Director Current
Seagate Technology, Inc. Board of Directors Current
LaBranche & Co Inc. Board of Directors Current
Sb&C, Ltd. chief financial officer Former
SBC Communications, Inc. Chief Financial Officer Former
Sb&C, Ltd. senior executive vice president Former
SBC Communications, Inc. Senior Executive Vice President Former
Ernst & Young partner Former
Organization Position Status
Hellosoft, Inc. Board of Directors Current
Seagate Technology, Inc. Board of Directors Current
Netezza Corporation Board of Directors Current
Proofpoint, Inc. Board of Directors Current
Motorola, Inc. Chief Executive Officer Former
Sun Microsystems, Inc. president Former
Merck & Co. Inc. President, Human Health Asia Former
Sun Microsystems, Inc. chief operating officer Former
Silver Lake Partners managing director Former
Intel Corporation Chairman Former
Motorola, Inc. Chairman Former
BP plc Chairman Former
Time Warner Inc. Board of Directors Former
Seagate Technology, Inc. Director Former
Motorola, Inc. Board of Directors Former
Boston University Master of Business Administration Former
Rensselaer Polytechnic Institute Bachelor of Science degree in electrical engineering Former

Frank J. Biondi, Jr., 63, Senior Managing Director, WaterView Advisors LLC (private equity fund specializing in media) since 1999. Director of Amgen, Inc., Cablevision Systems Corporation, The Bank of New York Mellon and Seagate Technology. (Biographical Information as of April 9, 2008)

Organization Position Status
Waterview Advisors Senior Managing Director Current
Cablevision Systems Corporation Board of Directors Current
CSC Holdings, Inc. Board of Directors Current
Seagate Technology, Inc. Board of Directors Current
Hasbro, Inc. Board of Directors Current
Amgen Inc. Board of Directors Current
The Bank of New York Mellon Corporation Board of Directors Current
Yahoo! Inc. Board of Directors Current
Viacom Inc. Chief Executive Officer Former
Universal Studios Chief Executive Officer Former
Home Box Office Inc. Chief Executive Officer Former
Home Box Office Inc. Chairman Former
The Coca-Cola Company Chairman, Coco-Cola Television Former
Universal Studios Chairman Former
Harvard University Masters of Business Administration Former
Princeton University Bachelor of Arts degree Former
Organization Position Status
Silver Lake Partners Co-Founder & Co-Chief Executive Current
Silver Lake Co-Chief Executive Current
Silver Lake Co-Founder Current
New York Presbyterian Hospital Trustee Current
The Brookings Institution Trustee Current
The Lawrenceville School Trustee Current
The Toronto-Dominion Bank Current
Film Technologies International Incorporated Chairman Current
SunGard Chairman Current
Sungard Capital Corp. Chairman of The Board Current
Sungard Capital Corp. Board of Directors Current
The Lawrenceville School Board of Directors Current
Island Ecn Director Current
Datek Online Holdings Corp Director Current
Harvard Management Company Director Current
NASDAQ OMX Group, Inc. Board of Directors Current
TD Ameritrade Holding Corporation Director Current
Instinet, LLC Director Current
Seagate Technology, Inc. Director Current
Thomas H. Lee Partners, LP Managing Director Former
The Blackstone Group L.P. Senior Managing Director Former
The Blackstone Group L.P. general partner Former
Blackstone Group General Partner Former
Silver Lake Partners principal Former
Gartner, Inc. Director Former
Harvard Law School J.D Former
Harvard Business School M.B.A Former
Harvard College A.B Former

Mr. Reyes has served as the Company’s Chairman of the Board of Directors since May 2007. Mr. Reyes has been a private investor and management consultant since 1994. He co-founded Sunward Technologies in 1985 and served as Chairman and Chief Executive Officer until 1994. Mr. Reyes serves on the board of directors of Dialog Semiconductor and Seagate Technology. Mr. Reyes also served as a director of Engenio Information Technologies, Inc., a former subsidiary of the Company, from April 2004 to October 2005.

Organization Position Status
LSI Corporation Chairman Current
Seagate Technology, Inc. Board of Directors Current
Engenio Information Technologies, Inc. Board of Directors Current
ARC International Former
London Stock Exchange plc Former
Motorola, Inc. Former
Fairchild Semiconductor International, Inc. Former
National Semiconductor Corporation Former

James A. Davidson has served as a member of the Company’s Board of Directors since March 2003. He is a co-founder and managing director of Silver Lake, a private equity investment firm. Mr. Davidson also serves on the Board of directors for Avago Technologies, a private company that specializes in analog, mixed-signal and optoelectronic components and subsystems. From June 1990 to November 1998, he was an investment banker with Hambrecht & Quist, most recently serving as Managing Director and Head of Technology Investment Banking. From 1984 to 1990, Mr. Davidson was a corporate and securities lawyer with Pillsbury, Madison & Sutro.

Organization Position Status
Silver Lake Partners Co-Founder & Chairman Current
Invotronics Board of Directors Current
Avail Medical Products, Inc. Board of Directors Current
Network General Corporation Board Member Current
Flextronics International Ltd. Board of Directors Current
Seagate Technology, Inc. Board of Directors Current
Avago Technologies, Pte. Board of Directors Current
Silver Lake Partners principal Former
Hambrecht & Quist Capital Management LLC Head of Mergers and Acquisitions Former
Pillsbury Madison & Sutro Attorney Former
Enterasys Networks, Inc. member Former
Organization Position Status
Symantec International Ltd. President Current
Symantec Pty Ltd. President Current
Symantec EURL President Current
Gartner, Inc. Current
Advanced Internet Security, Inc. Current
ITM Software Current
United Parcel Service of America, Inc. Board of Directors Current
Seagate Technology, Inc. Board of Directors Current
Symantec Corporation Board of Directors Current
Symantec/Delrina CEO Former
Cyber Security Industry Alliance Chairman & CEO, Symantec Corporation (Bio) Former
Symantec Corporation Internet security Former
Symantec Corporation Chairman & CEO Former
Crystal Decisions Former
MIT Sloan School of Management Master's degree, Management Science Former

Lydia M. Marshall has been a director of Nationwide Financial since February 1997, and a director of Nationwide Life and Nationwide Life and Annuity since May 2002. Ms. Marshall has been a director of Nationwide Mutual, Nationwide Mutual Fire and Nationwide Corporation since October 2001, and served as a director of Scottsdale Insurance Company, a subsidiary of Nationwide Mutual, from April 2001 to June 2006. She also serves as a trustee of Nationwide Foundation. Ms. Marshall has been a director of Seagate Technology, a designer, manufacturer and marketer of hard disc drives, since April 2004. Previously, she was founder, chair and Chief Executive Officer of Versura Inc., an internet-based service provider to financial institutions, colleges and universities, from October 1999 to August 2004. Ms. Marshall served as the Managing Director of Rockport Capital Incorporated, a provider of private equity funds for corporate ventures, from September 1997 to October 1999, and Executive Vice President Marketing of the Student Loan Marketing Association, or Sallie Mae, a provider of funds for educational loans, from July 1993 to September 1997. Prior to that time, Ms. Marshall held several positions with Sallie Mae and with Citicorp, a provider of banking and financial services.

Organization Position Status
Nationwide Financial Services, Inc. Director of Nationwide Financial Current
Nationwide Autowatch Board Member of Nationwide Current
Nationwide Mutual Insurance Company Board of Directors Current
Seagate Technology, Inc. Board of Directors Current
Nationwide Financial Services, Inc. Board of Directors Current
Nationwide Federal Credit Union Board Member Current
Versura, Inc. Chief Executive Officer Former
Citicorp Executive Vice President Former
Citicorp Vice President Former
Versura, Inc. Founder Former
Nationwide Life Insurance Co. Board of Directors Former
Scottsdale Insurance Company Director Former
Harvard University MBA Former
Wellesley College B.A. Degree In Political Science Former

Senator William W. Bradley, age 64, joined the Board on September 18, 2002. He is a Managing Director of Allen & Company LLC. From 2001-2004 he acted as chief outside advisor to McKinsey & Company’s non-profit practice. Senator Bradley is also currently a director of Starbucks Corp. and Seagate Technology. He was a Senior Advisor and Vice Chairman of the International Council of JP Morgan & Co., Inc. from 1997-1999. During that time, he also worked as an essayist for CBS evening news, a visiting professor at Stanford University, Notre Dame University and the University of Maryland. Senator Bradley served in the U.S. Senate from 1979-1997 representing the state of New Jersey. In 2000, he was a candidate for the Democratic nomination for President of the United States. Prior to serving in the Senate, he was an Olympic gold medalist in 1964 and a professional basketball player with the New York Knicks from 1967-1977 during which time they won two NBA championships. Senator Bradley holds a BA degree in American History from Princeton University and an MA degree from Oxford University where he was a Rhodes Scholar. He has authored six books on American politics, culture and economy. Currently, Senator Bradley hosts American Voices, a weekly show on Sirius Satellite Radio that highlights the remarkable accomplishments of Americans both famous and unknown.

Organization Position Status
The Allen Company Inc. Managing Director Current
Bradley, Drendel & Jeanney Law Offices Senior Partner Current
Cmarket Board of Directors Current
Starbucks Corporation Board of Directors Current
Willis Group Holdings Limited Board of Directors Current
Seagate Technology, Inc. Board of Directors Current
Labnow, Inc. Board Member Current
Partnership for Public Service Board of Directors Current
Jaman, Inc. Board of Directors Current
5AM Ventures Board of Directors Current
Catterton Partners Board of Directors Current
Cutthroat Communications, Inc. Board of Directors Current
Techturn Inc. Board of Directors Current
Questbridge Board of Directors Current
Editorial, LLC Board of Directors Current
Gridpoint, Inc. Board of Directors Current
Cmarket Network Board of Directors Current
Quinstreet, Inc. Board of Directors Current
McKinsey & Company, Inc. Chief Outside Advisor Former
Stanford University Visiting Professor Former
CBS Corporation Essayist, CBS Evening News Former
University of Notre Dame Visiting Professor Former
New York Knicks Professional Basketball Player Former
University of Maryland Visiting Professor Former
5AM Ventures Strategic Advisor Former
University of Oxford MA Degree Former
Princeton University BA Degree in American History Former
University of Oxford Rhodes Scholar Former

Executive News

  • Zander Named to NetSuite Board

    SYS-CON Media - 6/26/09 - View Story

  • Seagate Boosts Q4 Revenue Guidance (STX)

    Stockwatch - 6/25/09 - View Story

  • Location-Aware Technologies

    BusinessWeek - 6/25/09 - View Story

  • Kosmix tries new twist on search to avoid Google's dominance

    San Jose Mercury News - 6/24/09 - View Story

  • Seagate provides Q4, Q1 revenue guidance

    Biz Journals - 6/24/09 - View Story

  • Seagate raises 4th-quarter revenue guidance

    Washington Post - 6/24/09 - View Story

  • Seagate Updates Fiscal Fourth Quarter 2009 Financial Outlook; Provides Initial Outlook...

    Reuters - 6/24/09 - View Story

  • Seagate Updates Fiscal Fourth Quarter 2009 Financial Outlook; Provides Initial Outlook for Fiscal First Quarter 2010

    PR Newswire - 6/24/09 - View Story

  • NetSuite names former Motorola CEO to board

    Cellular-News - 6/24/09 - View Story

  • Seagate provides Q4, Q1 revenue guidance

    Silicon Valley/San Jose Business Journal - 6/24/09 - View Story

  • NetSuite appoints new board member

    TradingMarkets - 6/24/09 - View Story

  • FirstNews Briefs for June 23, 2009

    Wireless Week - 6/23/09 - View Story

  • NetSuite names former Motorola CEO to board

    Washington Post - 6/23/09 - View Story

  • A Quick Career Advice For Edward Zander

    SYS-CON Media - 6/23/09 - View Story

  • Former Motorola CEO Zander joins board of NetSuite

    Chicago Tribune - 6/23/09 - View Story

  • NetSuite names ex-Motorola CEO Zander to its board

    Forbes.com - 6/23/09 - View Story

  • Former Motorola CEO and Sun Microsystems President Edward Zander Joins NetSuite Board of DirectorsMr. Edward Zander (Photo: Business Wire)

    DMN Newswire - 6/23/09 - View Story

  • Silicon Valley innovators mourn for 'super uber connector' Rajeev Motwani

    SiliconValley.com - 6/14/09 - View Story

  • The death of Silicon Valley's 'super uber connector' leaves hole in tech ecosystem

    San Jose Mercury News - 6/12/09 - View Story

  • Preview

    Barron's Online - 6/06/09 - View Story

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     STX $10.28 -0.32 (-3.02% )
Average Volume 13,193,900
Shares Outstanding 487.50M
Market Cap 5.0B
Year High 18.99
Year Low 2.98
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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