Maxtor Corporation, founded in 1982 and acquired by Seagate Technology

Seagate Technology

Seagate Technology is one of the world's largest manufacturers of hard disk drives. Incorporated in 1978 as Shugart Technology, Seagate is currently incorporated in Dublin, Ireland and has its principal executive offices in Scotts Valley, California, United States.-1970s:On November 1, 1979...

 in 2006, was an American manufacturer of computer hard disk

Hard disk

A hard disk drive is a non-volatile, random access digital magnetic data storage device. It features rotating rigid platters on a motor-driven spindle within a protective enclosure. Data is magnetically read from and written to the platter by read/write heads that float on a film of air above the...

 drives, the third largest in the world immediately prior to acquisition. It now operates as a subsidiary

Subsidiary

A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...

 of Seagate.

Maxtor targeted both the server and desktop market, concentrating on disk capacity more than disk speed for desktops.

• 1981 - Initial search for funding.
• 1983 - First product.
• 1985 - Initial public offering
  Initial public offering
  An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
  
  .
• 1990 - Acquired MiniScribe
  MiniScribe
  MiniScribe was a manufacturer of disk storage products, founded in Longmont, Colorado in 1980. MiniScribe designed and sold stepper motor-based hard disk drives with a large amount of onboard intelligence for the time. They eventually moved into higher-profile voice coil motor designs, at which...
  
  , another hard disk manufacturer.
• 1992 - Near bankruptcy.
• 1993 - Closed San Jose, California
  San Jose, California
  San Jose is the third-largest city in California, the tenth-largest in the U.S., and the county seat of Santa Clara County which is located at the southern end of San Francisco Bay...
  
   engineering operations.
• 1996 - Introduced DiamondMax line of hard disks with DSP
  Digital signal processor
  A digital signal processor is a specialized microprocessor with an architecture optimized for the fast operational needs of digital signal processing.-Typical characteristics:...
  
  -based architecture.
• 2000 - Purchased Quantum
  Quantum Corp.
  Quantum Corporation is a manufacturer of tape drive, tape automation, data deduplication storage products and scalable file storage software, based in San Jose, California...
  
  's hard disk line of business especially for their ATA133 IDE interface.
• 2006 - Acquired by Seagate
  Seagate Technology
  Seagate Technology is one of the world's largest manufacturers of hard disk drives. Incorporated in 1978 as Shugart Technology, Seagate is currently incorporated in Dublin, Ireland and has its principal executive offices in Scotts Valley, California, United States.-1970s:On November 1, 1979...
  
  .

The Maxtor founders, James McCoy, Jack Swartz, and Raymond Niedzwiecki --- graduates of the San Jose State University

San José State University

San Jose State University is a public university located in San Jose, California, United States...

 School of Engineering and former employees of IBM --- began the search for funding in 1981.