Seagate Expands Interactions With Companies

By Doug Caverly
Staff Writer
Article Date: 2010-01-25

When an individual has a need for storage, satisfaction is never far away; just a single purchase at a local store or Newegg often does the trick. Corporations tend to have more complicated requirements, however, and to satisfy them, Seagate has started dealing with some companies on direct basis.

Ashlee Vance wrote late yesterday, "Seagate, the world's largest maker of hard drives, has started selling products directly to large customers in higher volumes than ever before because more companies with big data centers are trying to cut costs."

Of course, the words "large" and "big data centers" play significant roles in that sentence; this development doesn't mean that every mom and pop restaurant in need of an external hard drive should look up corporate contact numbers on Seagate's official site. The storage specialist might not be willing or able to make special deals with enterprises of every size.

Still, this move should help a lot of companies save money in the immediate future, and it's possible that retailers of Seagate products will introduce price breaks in response, helping everyone over time.

For what it's worth, Seagate seems getting into the habit of making good decisions; Vance stated, "[T]he company reported a 33 percent rise in second-quarter revenue, to $3.03 billion, from $2.27 billion in the same period last year. Seagate posted a profit of $533 million, countering a loss of $2.82 billion from last year's second quarter. Shares of Seagate rose almost 10 percent during Thursday's trading, to $19.49."

About the Author:
Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.