Seagate Technology Plc forecasted what its third-quarter revenue would look like, and it projects that it will be higher than previously estimated as PC makers try to get inventory. Seagate is the world’s largest maker of hard drives, and its shares were up 8% to $15.89.

In spite of the disk drive market doing good Scotts Valley's Seagate Technology reported a sharp fall in revenues and net income for the company's December quarter.

It has been reported earlier that a new disk drive which is just about 3.5 inch and also with a capacity of three terabyte will be officially ready towards the close of the year from Seagate, depending on the operating system and the vendor support for RAID and BIOS motherboard.

Seagate launched an innovative GoFlex family that unites interchangeable cables with a number of storage and external connectivity solutions. This family consists of three components. The first is ultra-portable and desktop drives. The second component is storage system devices and the third is a whole host of interface cables.

Seagate has revitalized its line of moveable hard drives and launched its FreeAgent GoFlex system, which is available in both handy and desktop variations, which encompasses drives, connection modules, and accessories.

Flash memory card makers SanDisk Corp., and Seagate have started shipping their largest ever storage SD cards and SATA drives respectively.

Storage vendor Seagate on Tuesday officially announced that it has proceeded with shipping high-capacity 2.5-inch hard drives that are the first to feature 2 million hours mean time between failure reliability.

The Sunnyvale, California-based light-emitting diode (LED) lighting firm, Bridgelux, Tuesday named the former Seagate Technology CEO Bill Watkins as its new chief executive. Watkins was ousted out of disk drive manufacturer Seagate last year.

Seagate has announced its latest offering, the Pulsar, a solid state drive particularly for use in large data centers, where over a thousand servers function and operate together to power systems for major firms and agencies like Google and Amazon to the Pentagon.

With Seagate's Monday introduction of Barracuda XT, the industry's first 2-TB enterprise hard drive with a 6-Gbit-per-second (6Gbps) SATA interface, it is evident that the hardware maker is working towards a leading edge in both storage performance and capacity.