Did you know? (storage revenue)

[Prof.Wizard]

Seagate's ESG/PSG storage revenue in FY2002 was:
33% greater than Maxtor
178% greater than Western Digital
More than IBM, Fujitsu, and Samsung combined

http://www.seagate.com/newsinfo/about/profile/index.html

 

[blakerwry]

what's the "ESG/PSG" mean?

 

[LiamC]

Guessing,

Enterprise Storage Group
Personal Storage Group

 

[blakerwry]

Sure they may have had more revenue... but I wonder how that all comes down to profit....

I found a page listing seagate's stock symbol as SEG, but wasn't able to lookup any information on it... like it didn't exist anymore.. so i don't really know how well the company has been doing recently

 

[Tea]

Seagate are no longer a listed company. They had a buy-out and, as a private company, no longer have to report in anything like the detail that public companies do, nor are they vulnerable to corporate asset strippers. In this case though, it would be a mistake to think that just because Seagate are a private company, they ain't a seriously large firm. As I recall, even back before the Conner merger they were one of the 50 largest companies in the world: up there in the same league as Exxon, IBM, Samsung, M$, AT&T, Boeing, and so on.

 

[e_dawg]

I don't think Seagate was ever in the same league as the Top 50 public companies in the world. In the late 90's, it was around #250 in revenue. When it went public in 2001, it became the 21st biggest private company in the world. Incidentally, they are going public again in a month or two. They filed an IPO on Oct 11.

 

[e_dawg]

"world" should be "US"

 

[Prof.Wizard]

Being public brings fresh cash. I understand their decision.