ate ▁CE O ▁on ▁July ▁ 3 , ▁ 2 0 0 4 , ▁but ▁retained ▁his ▁position ▁as ▁Chair man ▁of ▁the ▁board ▁of ▁direct ors . ▁Bill ▁Wat kins ▁became ▁CE O . ▁ ▁At ▁the ▁beginning ▁of ▁ 2 0 0 6 , ▁For bes ▁magazine ▁named ▁Se ag ate ▁its ▁Company ▁of ▁the ▁Year ▁as ▁the ▁best ▁managed ▁company ▁in ▁the ▁United ▁States . ▁For bes '' ▁wrote ▁that , ▁" Se ag ate ▁is ▁r iding ▁the ▁world ' s ▁g ad get ▁bo om . ▁Its ▁ 1 - inch ▁drives ▁are ▁the ▁arch ives ▁for ▁cam eras ▁and ▁MP 3 ▁players ." ▁It ▁also ▁cred ited ▁Se ag ate ▁as ▁being ▁the ▁company ▁that ▁" spark ed ▁the ▁personal ▁computer ▁revolution ▁ 2 5 ▁years ▁ago ▁with ▁the ▁first ▁ 5 . 2 5 - inch ▁hard ▁drive ▁for ▁the ▁PC ". ▁ ▁In ▁ 2 0 0 7 , ▁Se ag ate ▁created ▁the ▁hy brid ▁drive ▁concept . ▁ ▁In ▁April ▁ 2 0 0 8 , ▁Se ag ate ▁was ▁the ▁first ▁to ▁ship ▁ 1 ▁billion ▁H DD s . ▁According ▁to ▁C Net , ▁it ▁took ▁ 1 7 ▁years ▁to ▁ship ▁the ▁first ▁ 1 0 0 ▁million ▁and ▁ 1 5 ▁years ▁to ▁ship ▁the ▁next ▁ 9 0 0 ▁million . ▁In ▁ 2 0 0 9 , ▁Bill ▁Wat kins ▁was ▁released ▁from ▁employ ment ▁as ▁CE O . ▁ ▁Second ▁Steve ▁Luc zo ▁era ▁( 2