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Maxtor Corp

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BUSINESS
July 26, 1990 | Reuters
Maxtor Corp., manufacturer of computer disk drives said it has paid $46 million of the assets of MiniScribe Corp., which has been operating under Chapter 11 bankruptcy protection. Maxtor, in its previously announced offer, pledged up to $30 million in working capital for MiniScribe, which will be called Maxtor Colorado Corp. It said Maxtor Colorado will operate in Longmont, Colo.
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BUSINESS
May 23, 2006 | From Bloomberg News
Computer disk drive maker Seagate Technology said Monday that it would cut about 6,400 jobs after it completed its purchase of competitor Maxtor Corp. for $1.9 billion. About half of Maxtor's 12,800 positions will be eliminated, Woody Monroy, a spokesman for Grand Cayman-based Seagate, said. Seagate agreed to buy Maxtor in December to help lower costs and increase its share of the $27.4-billion hard-drive market.
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BUSINESS
December 10, 2002 | From Bloomberg News
Maxtor Corp. fired 500 workers, or about 4% of its workforce, but said its fourth-quarter sales and profit would exceed prior forecasts. Sales in the quarter ending Dec. 28 will reach $990 million to $1.03 billion, the maker of computer disk drives said. Profit before expenses relating to an acquisition and the job cuts is expected to be $25 million to $35 million, or 10 to 14 cents a share. Shares of Milpitas, Calif.-based Maxtor rose as high as $5.45 in extended trading. They closed at $4.
BUSINESS
December 22, 2005 | Terril Yue Jones, Times Staff Writer
Seagate Technology Inc.'s purchase of rival Maxtor Corp. would give the world's largest hard drive maker a commanding presence in a fast-growing but rapidly changing market. The $1.9-billion all-stock deal announced Wednesday would increase Seagate's production capacity at a time when factories worldwide are churning out as many hard drives as they can to power a proliferation of computers, digital music players and video game consoles. Buying Milpitas, Calif.
BUSINESS
March 5, 2005 | From Times Wire Services
Maxtor Corp., which makes computer disk drives, will eliminate 5,500 jobs in Singapore as it closes a factory there and shifts some production to China. The Milpitas, Calif., company said that more than half the cuts, or about 20% of its workforce, would be through firings, according to a Securities and Exchange Commission filing. The company also said the severance packages were expected to lower first-quarter earnings by $12 million. Shares of Maxtor rose 10 cents to $5.
BUSINESS
August 30, 1987
George M. Scalise, 52, was named president and CEO of Maxtor Corp., San Jose. He succeeds James M. McCoy, who will remain as chairman of the board. Maxtor makes and sells computer disk drives.
BUSINESS
March 5, 2005 | From Times Wire Services
Maxtor Corp., which makes computer disk drives, will eliminate 5,500 jobs in Singapore as it closes a factory there and shifts some production to China. The Milpitas, Calif., company said that more than half the cuts, or about 20% of its workforce, would be through firings, according to a Securities and Exchange Commission filing. The company also said the severance packages were expected to lower first-quarter earnings by $12 million. Shares of Maxtor rose 10 cents to $5.
BUSINESS
October 22, 2003 | From Bloomberg News
Seagate Technology, the world's biggest maker of computer disk drives, said fiscal first-quarter profit rose 80% on higher sales of devices used in personal and laptop computers. No. 2 Maxtor Corp. showed a third-quarter profit as sales jumped 30%. Seagate's net income in the quarter grew to $198 million, or 40 cents a share, from $110 million, or 24 cents, a year earlier, the company said. Sales rose 10% to $1.74 billion. Maxtor's net income was $29.
BUSINESS
December 10, 2002 | From Bloomberg News
Maxtor Corp. fired 500 workers, or about 4% of its workforce, but said its fourth-quarter sales and profit would exceed prior forecasts. Sales in the quarter ending Dec. 28 will reach $990 million to $1.03 billion, the maker of computer disk drives said. Profit before expenses relating to an acquisition and the job cuts is expected to be $25 million to $35 million, or 10 to 14 cents a share. Shares of Milpitas, Calif.-based Maxtor rose as high as $5.45 in extended trading. They closed at $4.
BUSINESS
June 22, 2002 | From Times Wire Services
Two technology titans, PC maker Dell Computer and cell phone giant Qualcomm Inc., said Friday that they expected to meet or beat earnings projections in the current quarter. But Maxtor Corp., the world's biggest computer disk drive maker, said it expected a wider-than-forecast second-quarter loss and lowered its sales estimate, blaming price cuts and less demand Dell spokesman Mike Maher said the No.
BUSINESS
October 11, 2000 | From Times Wire Services
Seagate Technology Inc., the world's largest computer hard-drive maker, reported Tuesday that its fiscal first-quarter earnings topped Wall Street analysts' expectations, but warned that parts shortages could hamper growth in the months ahead. The Scotts Valley, Calif.-based company, which is being taken private, reported a profit of $62 million, or 26 cents a share, for the quarter ended Sept. 29, compared with 7 cents a share a year ago. Sales rose 4%, to $1.75 billion.
BUSINESS
April 28, 1992
Companies ranked by loss from continuing operations. '91 Loss Rank Company ($ Millions) 1 HomeFed Corp. (808) 2 Security Pacific Corp. (775) 3 Chiron Corp. (425) 4 PatheCommunications (353) 5 First Interstate Bancorp (288) 6 Carolco Pictures Inc. (226) 7 National Semiconductor * (150) 8 CalFed Inc. (132) 9 J.M. Peters Co. Inc. (109) 10 Homestake Mining (100) 11 Glenfed Inc. * (98) 12 Western Digital Corp. * (96) 13 Pacific Enterprises (88) 14 Borland International * (81) 15 Intermark Inc.
BUSINESS
April 25, 1995
Companies ranked by overall revenue. 1994 % chg. '93 sales from Rank Rank Company ($ millions) 1993 1 1 Chevron Corp. 35,854.0 -3 2 2 Hewlett-Packard Co. 26,613.0 24 3 3 Atlantic Richfield Co. 16,552.0 -10 4 4 Safeway Inc. 15,626.6 3 5 6 Lockheed Corp. 13,130.0 0 6 7 McKesson Corp. 13,017.9 7 7 5 BankAmerica Corp. 12,384.0 7 8 12 Intel Corp. 11,521.0 31 9 8 Rockwell Int'l Corp. 11,145.3 2 10 11 Walt Disney Co. 10,629.5 20 11 9 Pacific Gas & Electric 10,447.4 -1 12 13 Apple Computer Inc. 9,551.
BUSINESS
May 29, 1994
Source: The compensation data in this chart was provided by Star Services of San Francisco and was derived from proxy and 10K filings of California's 100 largest publicly held companies, as ranked by revenue. Who is listed: The adjacent chart lists the top-ranking officer at each company, usually the chief executive officer. In a few cases, we have cited the president or chairman of the board rather than the CEO because historic salary trends indicate that this is the top officer.
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