View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 20, 1987

SEAGATE PLANS TO EXPAND RESEARCH WITH COLORADO UNIT

By CBR Staff Writer

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.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU