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Maxtor
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History
Overview
- 1981 - Initial search for funding.
- 1983 - First product.
- 1985 - Initial public offering.
- 1990 - Acquired MiniScribe, another hard disk manufacturer.
- 1992 - Near bankruptcy.
- 1993 - Closed San Jose, California engineering operations.
- 1996 - Introduced DiamondMax line of DSP based disks.
- 2000 - Purchased Quantum's hard disk line of business especially for their ATA133 IDE interface.
- 2006 - Acquired by Seagate.
MiniScribe acquisition
In 1990 Maxtor entered the mass market with its purchase of the assets (but not the liabilities) of bankrupt MiniScribe in Longmont, Colorado. The transition was a tough one, with the early products of this union (notably the 7120 3.5-inch 120 MB drive) having many quality and design problems. Later products managed to sell well despite the initial problems, and in 1996 the company completely redesigned its drive lines, introducing the Texas Instruments DSP-based DiamondMax series.
Financial troubles
After nine years of development, the original XT-series of drives had achieved a capacity of 1 GB. Maxtor sold the rights to the series to a company called Sequel in the mid-1990s, thus exiting the server SCSI drive market. Sequel was not a disk drive manufacturer; rather they specialized in refurbishing drives for the existing customer base. Teetering on the brink of bankruptcy in 1992, Maxtor's exit from the high capacity 5.25-inch SCSI market temporarily left a product void in the industry. Around this time, SCSI versions of the 7000 series drives were also discontinued and all engineering operations in San Jose were shut down in late 1993, leaving only the former MiniScribe design engineering staff. After turnover in the executive staff, Maxtor decided it had made a mistake, and having moved its headquarters to nearby Milpitas, gradually began rebuilding its Silicon Valley engineering staff.
Quantum hard drives acquisition In 2000, Maxtor purchased Quantum's hard drive business. This move made them larger than their rivals (notably Seagate), and also returned them to the server-SCSI market.
Current situation
Maxtor, in recent years, like many other hard drive makers, had been expanding into the external hard disk market, with the Maxtor One-Touch II personal hard drive, which is marketed as convenient external storage for the home user.
Maxtor had initially made efforts to get into the 2.5-inch hard disk market but, in the beginning of 2005, new management made the surprising decision to discontinue development in this field. This was considered by many industry watchers to be a particularly peculiar move, since the market for such hard drives (mainly notebook computers and MP3 players) was already experiencing rapid growth, with no signs of slowing down in the foreseeable future.
In a deal worth US$1.9 billion, Maxtor was acquired by its rival Seagate in 2006. It is now used as a Seagate brand.
A series of storage solutions continues to be sold under the Maxtor brand name. The current Maxtor product line includes:
Maxtor OneTouch 4
Maxtor OneTouch 4 Plus
Maxtor OneTouch 4 Mini
Maxtor OneTouch 3 Turbo Edition
Maxtor OneTouch 3 FW 800/FW 400/USB 2.0
Maxtor OneTouch 3 FW 400/USB 2.0
Maxtor OneTouch 3 USB 2.0
Maxtor OneTouch 3 Mini Edition
Maxtor Basics Personal Storage 3200
Maxtor Shared Storage 2 1 TB
Maxtor Shared Storage 2 320/500GB
Maxtor Fusion Personal Web Server
Maxtor Basics ATA/100 Hard Drive kit
Maxtor Basics SATA 2/300 Hard Drive kit
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