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Seagate's first 1-terabyte drive to debut this fall

The Barracuda 7200.11 will sell for $399. Rival Hitachi released its version of the drive for the same price in April.

Seagate Technology is serving up its first 1-terabyte hard drive. The company is expected to announce Monday that it will offer a retail hard drive for $399 beginning in the third quarter of this year. The Barracuda 7200.11 will have up to 32 megabytes of cache and a five-year warranty.

The amount of information that can be stored in a 1-terabyte drive is equal to turning 50,000 trees into paper, according to researchers at the University of California at Berkeley. Hitachi shipped its first terabyte drive two months ago, for the same price of $399.