Finis Conner

Last updated
Finis F. Conner
Born (1943-07-28) July 28, 1943 (age 80)
Gadsden, Alabama, United States
Alma mater San Jose State University
Occupation(s)Salesman, Entrepreneur
Employer(s) Memorex
Shugart Associates
Seagate Technology
Conner Peripherals

Finis Conner (born July 28, 1943) is an American entrepreneur and pioneer of the disk drive industry, [1] founding industry leaders Shugart Associates, Seagate Technology and Conner Peripherals. Conner Peripherals, a major HDD manufacturer, was founded in 1987, and by 1990 had become the fastest-growing start-up in the history of U.S. commerce up until that point. Conner Peripherals was acquired by Seagate in 1996.

Contents

Background

Finis F Conner. [2] (pronounced Fy-niss) was born on July 28, 1943, in Gadsden, Alabama. He was the last of five children born to a carpenter and his wife. Conner grew up poor in Alabama, Texas and Florida. At the age of 19, with $100 in his pocket, he boarded a train for San Jose, California, where a brother lived. Conner found a job as a clerk-typist at IBM and put himself through college, earning a degree in industrial management from San Jose State College in 1969. [3]

Shugart Associates

Conner met Alan Shugart at Memorex in the early 1970s. In 1973, Shugart, Conner, and seven others founded Shugart Associates, a company that pioneered the development of floppy disks. [4] At Shugart Associates, Conner was initially responsible for OEM Marketing [4] ultimately becoming its Western Region Sales Manager. [5] Shugart Associates was acquired in 1977 by Xerox.

Seagate Technology

In 1979, Conner, Shugart, and two others founded the hard drive manufacturer Seagate Technology. Seagate pioneered the 5.25-inch hard disk drive (HDD) form factor. The first 5.25-inch HDD was the ST506 . Its capacity was 5 MB. By 1984, there were differences with Seagate management with Conner arguing that there was not enough emphasis on customer requests. [3]

Conner left Seagate, with $12 million in Seagate stock, to enjoy a semi-retirement.

Conner Peripherals

In 1985, John Squires left MiniScribe and with financing from Terry Johnson (MiniScribe founder) founded CoData to work on a new 3.5-inch disk drive. With a prototype of their product completed, Squires and Johnson approached Conner about joining Codata in late 1985. In 1986, [6] Conner merged his then defunct company, Conner Peripherals, with Squires and Johnson's CoData, adopting the name Conner Peripherals for the merged entity. Conner had trouble finding financing from venture capitalists, so he approached Compaq, which was in the market for an improved HDD for a portable computer it had under development. Compaq provided $12 million of capital and by 1987 (the first year of mass production), Conner had sold $113 million worth of 3.5" HDDs - with 90% going to Compaq. The first 3.5-inch product was the CP340 HDD with a capacity of 20 MB. The subsequent HDD, CP341, established the popularity of the ATA interface originally proposed by Western Digital. [7] By 1990, Conner Peripherals was the fastest growing start-up company in the history of US commerce, [8] beating the competition with HDDs that were lighter, more compact, and consumed less power. According to Finis Conner, one key aspect of success was to buy all the components (heads, disks, motors, chips) from other manufacturers but to excel in high-volume assembly and manufacturing. Conner peripherals was merged into Seagate in February 1996 [9] at which point he left the company. For its fiscal year ending December 31, 1995, Conner reported about $2.4 billion in revenue compared to Seagate's fiscal year revenue of $4.5 billion. [10]

Post Conner Peripherals

Since the merger with Seagate, Conner has pursued a number of activities:

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References

  1. ↑ Flynn, Laurie J. (1999-02-01). "Compressed Data; Return of a Disk-Drive Jockey". The New York Times. ISSN   0362-4331 . Retrieved 2020-01-10.
  2. ↑ Photo of Finis Conner at Seagate's 40th Anniversary in 2019
  3. 1 2 "A Novel Idea: Customer Satisfaction". The New York Times. Retrieved 2020-01-08.
  4. 1 2 Shugart Associates original business plan, 1973 ca., pp. 312-4
  5. ↑ Seagate Technology Prospectus, September 30, 1981, p. 16
  6. ↑ "The New Buzzword in Disk Drives: Cheap - May 10, 1999". archive.fortune.com. Retrieved 2020-01-10.
  7. ↑ Burniece, Tom (July 21, 2011). "Conner CP341 Drive (ATA/IDE)". Wikifoundry. Computer History Museum Storage Special Interest Group. Archived from the original on February 24, 2021. Retrieved January 8, 2020.
  8. ↑ Kupfer, Andrew (August 13, 1990). "AMERICA'S FASTEST GROWING COMPANY". Fortune Magazine. Fortune Media Group Holdings. pp. 48–53.
  9. ↑ "Seagate Technology Completes Merger with Conner Peripherals". Seagate Technology. February 5, 1996. Retrieved December 3, 2019.
  10. ↑ Brooks, Nancy (September 21, 1995). "Rival Disk Drive Makers Seagate, Conner Agree to $1-Billion Merger". Los Angeles Times. Retrieved December 3, 2019.
  11. ↑ Website: Conner Group History
  12. ↑ "The Disk Drive Baron Goes For Another Spin". Bloomberg.com. Retrieved January 9, 2020.
  13. ↑ "New Disk Drive Co. To Take On Seagate, Quantum". Archived from the original on 2017-04-03. Retrieved 2017-04-02.
  14. ↑ Business Wire, "Finis Conner, storage industry leader and visionary, has been appointed CEO of Millenniata", March 25th, 2010
  15. ↑ "Disk-drive pioneer tackling identity theft". Crain's Chicago Business. 2015-11-03. Retrieved 2020-01-10.
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