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May 1, 2001

Gray Cary: Maxtor Pays $1 Billion For Quantum's Disk Drive Group

Maxtor Corp. has bought Quantum HDD, the Hard Disk Drive Group of Quantum Corp., for $1 billion in stock. Maxtor, based in Milpitas, makes hard-disk drives for personal computers, high-end server and consumer electronics applications. Its network-attached storage business provides work group and enterprise-class network-attached server appliances. Maxtor's customers include Dell Computer Corp., Compaq Computer Corp. and International Business Machines Corp.

        Maxtor Corp. has bought Quantum HDD, the Hard Disk Drive Group of Quantum Corp., for $1 billion in stock.
        Maxtor, based in Milpitas, makes hard-disk drives for personal computers, high-end server and consumer electronics applications. Its network-attached storage business provides work group and enterprise-class network-attached server appliances. Maxtor's customers includ...

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