Seagate Technology, the world’s largest maker of hard-disk drives, is creating a division to focus on consumer electronics to fuel sales outside of personal-computer storage. Chief Sales and Marketing Officer Brian Dexheimer will head the division, Seagate said Wednesday in a statement. The unit will serve clients who design video-game consoles, digital video recorders and media players. Chief Executive William Watkins has sought to cut Seagate’s reliance on the slower-growing PC market for revenue, targeting clients seeking storage for family photos, music and other digital content. The home storage market may grow tenfold in the next five years, Watkins said in the statement.
– Bloomberg News
