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Finis Conner, and Syed Iftikar in October 1979. The company came into being when Conner approached Shugart with the idea of starting a new company to develop 5.25-inch HDDs which Conner predicted would be a coming economic boom in the disk drive market. To avoid a lawsuit from Xerox's subsidiary Shugart Associates (also founded by Shugart), the name was changed to Seagate Technology while

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