Seagate Breaks Records

SCOTTS VALLEY, Calif. -- Vaulting to a clear leadership position with the new technology that brings soaring storage capacities to computers and consumer electronics devices, Seagate Technology(NYSE:STX) today announced that it has become the first company to break the15 million mark in shipments of hard drives built on a perpendicular magnetic recording (PMR), shipping more than 16 million of the drives.

"Seagate is the world's leading supplier of perpendicular recording technology, with an expected 75 percent of its shipments of this type by year end 2007," said Krishna Chander, senior analyst of Storage Systems at iSuppli Corp.

Seagate Technology Inc.