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Disk drive manufacturer Seagate Technology Inc. last week posted record revenues of $3.5 billion, and the company continued its diversification strategy by purchasing 25 percent of Dragon Systems Inc., laying the groundwork for new markets.
Sales wasn't the only milestone for Scotts Valley, Calif.-based Seagate, which also had a record net income of $225 million for the year.
The investment in Dragon Systems, a speech recognition company based in Newton, Mass., is part of Seagate's strategy to invest in companies and technologies that the disk drive...