Priam was one of the many hard drive manufacturers in the 1980s and 1990s that went out of business, merged, or closed their hard drive divisions (see list); as a result of capacities and demand for products increased, and profits became hard to find.
After having suffered losses since 1985, the company declared bankruptcy in 1989. It was re-established with the help of external investors as Priam Systems Corp. in 1990, who finally sold the disk drive business to Prima International of Santa Clara, California, a computer peripherals VAR, in 1991.
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