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PARTI
ITEM1.BUSINESS
Wearealeadingproviderofelectronicdatastoragetechnologyandsolutions.Ourprincipalproductsareharddiskdrives,commonlyreferredtoasdisk
drives,harddrivesorHDDs.InadditiontoHDDs,weproduceabroadrangeofelectronicdatastorageproductsincludingsolidstatehybriddrives("SSHD"),solid
statedrives("SSD"),PCIecardsandSATAcontrollers.Ourstoragetechnologyportfolioalsoincludesstoragesubsystems,andhighperformancecomputing
("HPC")solutions.
Harddiskdrivesaredevicesthatstoredigitallyencodeddataonrapidlyrotatingdiskswithmagneticsurfaces.Diskdrivescontinuetobetheprimarymedium
ofmassdatastorageduetotheirperformanceattributes,highqualityandcosteffectiveness.Complementingexistingdatacenterstoragearchitecture,solid-state
storagedevicesuseintegratedcircuitassembliesasmemorytostoredata,andmostSSDsuseNAND-basedflashmemory.InadditiontoHDDsandSSDs,SSHDs
combinethefeaturesofSSDsandHDDsinthesameunit,containingalargeharddiskdriveandanSSDcachetoimproveperformanceoffrequentlyaccesseddata.
Ourproductsaredesignedformissioncriticalandnearlineapplicationsinenterpriseserversandstoragesystems;clientcomputeapplications,whereour
productsaredesignedprimarilyfordesktopandmobilecomputing;andclientnon-computeapplications,whereourproductsaredesignedforawidevarietyofend
userdevicessuchasdigitalvideorecorders("DVRs"),personaldatabackupsystems,portableexternalstoragesystems,digitalmediasystemsandsurveillance
systems.
OurCloudSystemsandSolutionsbuildsontheSeagatelegacytoextendinnovationfromthedeviceintotheinformationinfrastructure,onsiteandinthe
cloud.OurapproachtodatamanagementsupportsHPC,opensourceandsoftware-definedsolutions.OurportfolioincludesHPCstoragesolutions,modular
originalequipmentmanufacturers("OEM")storagesystemsandscale-outstoragesystems.
IndustryOverview
ElectronicDataStorageIndustry
Theelectronicdatastorageindustryiscomprisedofcompaniesthatmanufacturecomponentsorsubcomponentsdesignedforelectronicdatastoragedevices
andcompaniesthatprovidestoragesolutions,softwareandservicesforenterprisecloud,bigdataandcomputingplatforms.
Markets
Theprincipalmarketsservedbytheelectronicdatastorageindustryare:
EnterpriseStorage.Wedefineenterprisestorageasdedicatedstorageareanetworksandhyperscalecloudstorageenvironments.Enterprisedatacentersrun
solutionswhicharedesignedformissioncriticalperformanceandnearlinehighcapacityapplications.
Missioncriticalapplicationsaredefinedasthosethatarevitaltotheoperationoflarge-scaleenterpriseworkloads,requiringhighperformanceandhigh
reliabilitystoragesolutions.Weexpectthemarketformissioncriticalenterprisestoragesolutionstocontinuetobedrivenbyenterprisesutilizingdedicatedstorage
areanetworks.Ourstoragesolutionsarecomprisedprincipallyofhighperformanceenterpriseclassdiskdriveswithsophisticatedfirmwareandcommunications
technologies.
Nearlineapplicationsaredefinedasthosewhichrequirehighcapacityandenergyefficientstoragesolutions.Weexpectsuchapplications,whichinclude
storageforcloudcomputing,contentdeliveryandbackupservices,willcontinuetogrowanddrivedemandforsolutionsdesignedwiththeseattributes.Withthe
increasedrequirementsforstoragedrivenbythecreationandconsumptionofmedia-richdigital
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