SCOTTS VALLEY, Calif., Aug. 27 CA-Seagate-Technology
SCOTTS VALLEY, Calif., Aug. 27 /PRNewswire-FirstCall/ -- Seagate
Technology (NYSE: STX) announced that it will switch its stock exchange
listing from The New York Stock Exchange to The Nasdaq Stock Market, an
exchange of The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ), effective September 16,
2008. Seagate Technology will be listed on The NASDAQ Global Select Market and
trade on the exchange with the ticker symbol Nasdaq: STX.
"We are delighted to make the move to the NASDAQ and look forward to
leveraging their impressive trading platform to reach investors in key markets
around the world," said Bill Watkins, Seagate CEO. "With this move we are
ensuring that our investors have access to fast, high-quality trades in a more
cost-effective structure for Seagate. We look forward to joining the
impressive group of leading technology companies already listed on the
NASDAQ."
"Seagate is one of today's leading companies and we are delighted that
they have decided to transfer to our market. We welcome them to NASDAQ OMX's
family of innovative companies and look forward to supporting their continued
growth by providing global visibility and superior value for their listing,"
said Magnus Bocker, president of NASDAQ OMX.
About Seagate
Seagate is the worldwide leader in the design, manufacture and marketing
of hard disc drives and storage solutions, providing products for a wide-range
of applications, including Enterprise, Desktop, Mobile Computing, Consumer
Electronics and Branded Solutions. Seagate's business model leverages
technology leadership and world-class manufacturing to deliver industry-
leading innovation and quality to its global customers, with the goal of being
the time-to-market leader in all markets in which it participates. The company
is committed to providing award-winning products, customer support and
reliability to meet the world's growing demand for information storage.
Seagate can be found around the globe and at http://www.seagate.com.
Seagate, Seagate Technology and the Wave logo are registered trademarks of
Seagate Technology LLC in the United States and/or other countries.
SOURCE Seagate Technology
