drive manufacturer in the world. In 1985, in order to resolve an inventory accumulation and as part of its exit strategy, Xerox gave up Shugart's exclusive rights to the Matsushita half-height 5 1/4-inch floppy drives. Shugart's eventual downfall came about partially as a result of the company failing to develop a reliable 80-track disk drive.

In 1983 the company changed its name to Shugart Corporation.

In late 1983, Shugart announced a "production-quantity optical drive", the Optimem 1000,

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