Seagate Technology, which last week revealed that it was within a whisker of being a billion dollar company when it announced fiscal 1987 profits up 305% at $140m on sales up 108% at $958m (CI No 726), a remarkable achievement for a 5.25 Winchester maker – is investing some of its newly-won resources by expanding its research and development operations with a new unit away from its existing base in Scotts Valley, California. After Northern California, the biggest concentration of small disk drive expertise is to be found in the area around Longmont and Boulder, Colorado, the reason being that a whole string of Storage Technology Corp alumni have started their own companies there. So that is where Seagate is headed, and while it has not yet chosen a precise location in the area, it is looking for about 10,000 square feet of research and development space, and has already started recruitment of high level engineering and technical personnel there.
Content from our partners
