Priam Corporation

Priam Corporation was a company located in San Jose, California, founded in 1978 as a manufacturer of hard disk drives.

Priam Harddisk 72 MB

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.

Priam made good profit replacing blown IBM drives. They had a deal for a discount if you traded in your IBM 40 meg drive. They eventually used the traded in drives as a boat anchor off IBM headquarters. They held a party, cut the anchor and left it behind.

References

• Hardware Collection