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MILPITAS, Calif., March 1, 2005 -- Maxtor Corporation (NYSE: MXO) today announced that it will be presenting at the Morgan Stanley Semiconductor & Systems Conference.
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Full View / NID: 5720 / Submitted by: TACKtech Team
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MILPITAS, CA, February 23, 2005 - Maxtor Corporation (NYSE: MXO) today announced that it has scheduled a mid-quarter conference call to provide an update on market conditions and financial guidance for the first quarter ending April 2, 2005.
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Full View / NID: 5633 / Submitted by: TACKtech Team
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MILPITAS, Calif., February 22, 2005 -- Maxtor Corporation (NYSE: MXO) today announced that the company's 2005 annual meeting of stockholders will be held on Friday, May 13, 2005 at Maxtor's corporate headquarters at 500 McCarthy Boulevard, Milpitas, California 95035, at 10:00 am PT. The record date for the annual meeting is April 1, 2005, and only stockholders of record on that date are entitled to vote at the meeting.
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Full View / NID: 5599 / Submitted by: TACKtech Team
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MILPITAS, Calif., February 17, 2005 -- Maxtor Corporation (NYSE: MXO) today announced that it will be presenting at the Goldman Sachs Technology Investment Symposium.
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Full View / NID: 5541 / Submitted by: TACKtech Team
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MILPITAS, Calif., February 15, 2005 - Maxtor Corporation (NYSE: MXO), the pioneer in innovative pushbutton backup and storage solutions, today announced that its family of Maxtor OneTouch™ drives received numerous awards and accolades in 2004 from leading industry trade, business and consumer publications around the world. Recognized for overall simplicity, ease of use, intuitive features, performance and value, the Maxtor OneTouch external hard drive upholds its reputation as the leading external storage and backup solution on the market.
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Full View / NID: 5525 / Submitted by: TACKtech Team
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MILPITAS, Calif., February 9, 2005 -- Maxtor Corporation (NYSE: MXO) announced today that its Atlas® 15K II and Atlas 10K V enterprise hard drives joined its MaXLine™ III drive as best-in-class hard drives on StorageReview.com's LeaderBoard, in their respective categories. The independent testing site awarded the Atlas 15K II drive top honors in the Server-Performance category and the Atlas 10K V drive the top position in the Server-Capacity category. The Atlas 15K II drive also received the distinction of being named by Storage Review.com the World's Fastest Hard Drive.
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Full View / NID: 5459 / Submitted by: TACKtech Team
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MILPITAS, Calif., February 3, 2005 -- Maxtor Corporation (NYSE: MXO) today announced its financial results for the fourth quarter and fiscal year ended December 25, 2004. Revenue for the quarter was $1.031 billion. The Company reported a net loss on a GAAP basis in the fourth quarter of 2004 of $70.2 million, or $(0.28) per share. Included in the GAAP net loss were $5.1 million for the amortization of intangibles, $7.3 million in executive and other severance related expenses, $7.8 million in impairment charges related to real estate holdings, and $25.0 million due to a product cancellation and impairments related to intangibles from the acquisition of Quantum's hard drive division in 2001. These charges were offset by a favorable adjustment related to the previously announced settlement with Quantum of $8.5 million. The net total of these charges unfavorably impacted net income by $36.7 million. In the fourth quarter of 2003, revenue totaled $1.171 billion. Net income on a GAAP basis in the fourth quarter of 2003 was $39.2 million, or $0.15 per diluted share. The GAAP net income included a charge for the amortization of intangible assets and stock-based compensation expense totaling $23.8 million. Also included was income from discontinued operations of $2.2 million.
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Full View / NID: 5389 / Submitted by: TACKtech Team
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MILPITAS, CA, January 14, 2005 - Maxtor Corporation (NYSE: MXO) today announced that it will release its financial results for the fourth quarter of 2004, after the close of market on February 3, 2005. A conference call for the investment community has been scheduled.
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Full View / NID: 5195 / Submitted by: TACKtech Team
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CES, Las Vegas, NV, January 5, 2005 -- Maxtor Corporation (NYSE: MXO), a worldwide leader in hard disk drives and consumer storage products, announced today that Time Warner Cable has ordered its first shipment of Maxtor® QuickView Expander™ external hard drives and will begin offering external storage options to its digital video recorders (DVR) subscribers in select locations. The QuickView Expander drive was unveiled in late April 2004 as the industry's first external solution to increase storage capacity for cable DVRs.
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Full View / NID: 5094 / Submitted by: TACKtech Team
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CES, Las Vegas (Suite N221/222) - January 4, 2005 - Home networking isn't just a high-tech hobby anymore. More than 97 million consumers worldwide will have home networks by 2008, according to In-Stat. Addressing the storage explosion that is accompanying this growth, Maxtor Corporation (NYSE: MXO) today announced its Maxtor Shared Storage? solution that lets home or small office/home office (SOHO) users easily centralize, organize and share data, photos or music on a wired or wireless network.
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Full View / NID: 5093 / Submitted by: TACKtech Team
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MILPITAS, CA, December 1, 2004 - Maxtor Corporation (NYSE: MXO) today announced that it has scheduled a mid-quarter conference call to introduce the new management team, provide initial thoughts on the strategic direction for the company and update financial guidance for the fourth quarter ending December 25, 2004.
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Full View / NID: 4760 / Submitted by: TACKtech Team
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MILPITAS, Calif., November 30, 2004 - Maxtor Corporation (NYSE:MXO) today announced that it will name Duston M. Williams as executive vice president and chief financial officer. Mr. Williams, 46, spent 13 years at Western Digital Corp. (NYSE: WDC), including nearly four years as its chief financial officer. In his new position, Mr. Williams will be responsible for the finance, accounting, treasury, investor relations and information technology functions. He will succeed Michael Bless, who left Maxtor in October. Mr. Williams will start at Maxtor on December 3, 2004.
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Full View / NID: 4744 / Submitted by: TACKtech Team
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MILPITAS, Calif., November 17, 2004 - Maxtor Corporation (NYSE:MXO) today announced that it has named Michael J. Wingert, as president and chief operating officer. Mr. Wingert, 44, was most recently the president and chief executive officer of Cornice Inc., an innovator in compact, high capacity storage. Prior to joining Cornice, he spent ten years at Maxtor, where he held several executive level positions. He succeeds Paul Tufano in the president position and assumes the newly-created position of chief operating officer. In his new role, Mr. Wingert will be responsible for engineering, advanced technology, materials, fulfillment, quality and manufacturing. Fariba Danesh will continue in her role as executive vice president, operations, reporting to Mr. Wingert.
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Full View / NID: 4638 / Submitted by: TACKtech Team
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MILPITAS, Calif., November 15, 2004 -- Maxtor Corporation (NYSE: MXO) today announced that Paul Tufano has left his positions as president, chief executive officer and acting chief financial officer, effective immediately. Mr. Tufano has also resigned from the board of directors. Dr. C. S. Park has been appointed chief executive officer, effective immediately. In addition, Charles M. Boesenberg, chief executive officer and chairman of the board of NetIQ Corporation and a member of the Maxtor board since 2003, has been appointed as its lead director. The company is continuing its search for a chief financial officer.
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Full View / NID: 4605 / Submitted by: TACKtech Team
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MILPITAS, Calif., November 2, 2004 -- Maxtor Corporation (NYSE: MXO) today announced that it will be participating in the IDEMA Financial Conference during a breakout session scheduled for Thursday, November 4, at 3:20 p.m. PT (6:20 p.m. ET).
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Full View / NID: 4454 / Submitted by: TACKtech Team
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MILPITAS, Calif., October 25, 2004 -- Maxtor Corporation (NYSE: MXO) today announced that it will be presenting at the 21st Annual Prudential Equity Group Technology Conference.
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Full View / NID: 4365 / Submitted by: TACKtech Team
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MILPITAS, Calif., October 22, 2004 --Maxtor Corporation (NYSE: MXO) today announced that it will be participating in the Storage Network World Conference, October 25-29, 2004 in Orlando, Florida at the JW Marriott Grande Lakes Resort. Maxtor will show a working demonstration of Serial Attached SCSI (SAS) hard drives in conjunction with Adaptec. Maxtor technology experts will also be speaking at two sessions during the event.
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Full View / NID: 4340 / Submitted by: TACKtech Team
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MILPITAS, Calif., October 20, 2004 -- Maxtor Corporation (NYSE: MXO) today announced its financial results for the third quarter ended September 25, 2004. Revenue for the quarter was $927.2 million. The Company reported a net loss on a GAAP basis in the third quarter of 2004 of $90.6 million, or $(0.36) per share. Included in the GAAP net loss was $27.2 million of severance and facilities-related restructuring charges and a $5.1 million charge for the amortization of intangible assets. On a non-GAAP basis, excluding these charges, Maxtor reported a net loss of $58.3 million, or $(0.23) per share. In the third quarter of 2003, revenue totaled $1.066 billion. Net income on a GAAP basis in the third quarter of 2003 was $29.9 million, or $0.12 per diluted share. The GAAP net income included a charge for the amortization of intangible assets and stock-based compensation expense totaling $20.7 million. On a non-GAAP basis, excluding these charges, net income in the third quarter of 2003 was $50.6 million, or $0.20 per diluted share.
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Full View / NID: 4323 / Submitted by: TACKtech Team
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MILPITAS, Calif., October 14, 2004 -- Maxtor Corporation (NYSE: MXO) today announced that Michael Bless, executive vice president and chief financial officer, has resigned from the Company, effective immediately, for personal reasons. The Board of Directors has named Paul Tufano, president and CEO of Maxtor, as the Acting CFO. The Company has launched a search for a permanent replacement. As previously announced, Maxtor will release its financial results for the third quarter ended September 25, 2004 on Wednesday, October 20, 2004.
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Full View / NID: 4290 / Submitted by: TACKtech Team
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MILPITAS, CA, October 5, 2004 - Maxtor Corporation (NYSE: MXO) today announced that it will release its financial results for the third quarter of 2004, after the close of market on October 20, 2004. A conference call to discuss the third quarter results and to provide an outlook on the fourth quarter of 2004 has been scheduled.
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Full View / NID: 4177 / Submitted by: TACKtech Team
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