Bill Watkins, President and CEO, Seagate Technology

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“The considerable growth we are experiencing is evidence of a significant evolutionary

“The considerable growth we are experiencing is evidence of a significant evolutionary change that is occurring in the disc drive industry as our products have become a central, enabling technology for global digital convergence. During the fiscal year we saw growth in every major market of our business. Most notably, in the consumer electronics space we’re seeing the widespread adoption of disc drives in applications that include game boxes, DVRs, set-top boxes, digital music players, handheld voice recorders, handheld GPS systems, and imaging systems, with future growth applications to include digital still and video cameras, PDAs, automotive diagnostic, navigation and entertainment systems, cell phones, personal media players, and other converged handheld devices.”