| | Business Summary | | Maxtor
Corporation
is
a
provider
of
hard
disk
drive
storage
products
for
desktop
computer
systems.
The
Company's
DiamondMax
product
family,
originally
announced
in
1999,
consists
of
3.5-inch
hard
disk
drives.
These
products
have
high
speed
interfaces
for
greater
data
throughput,
a
robust
mechanical
design
for
improved
reliability,
magneto-resistive
head
technology
and
a
digital
signal
processor-based
electronic
architecture
that,
when
combined,
provide
industry-leading
benchmark
performance
and
storage
capacity
to
the
personal
computer
marketplace.
During
2000,
the
Company
expanded
its
DiamondMax
Plus
product
family
to
include
disk
drives
targeted
for
mainstream,
entry-level
and
high-performance
desktop
systems.
The
storage
capacities
of
the
Company's
current
DiamondMax
products
range
from
30
to
81.5
gigabytes. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Maxtor
Corporation
develops,
manufactures
and
markets
hard
disk
drive
storage
products
for
desktop
computer
systems.
The
Company
customers
include
desktop
computer
manufacturers,
distributors
and
retailers.
For
the
26
weeks
ended
6/30/01,
revenue
rose
23%
to
$1.67
billion.
Net
loss
totaled
$318.4
million
vs.
an
income
of
$40.8
million.
Results
reflect
the
acquisition
of
Quantum
HDD,
offset
by
lower
margins
and
increased
amortization
and
acquired
R&D
costs. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Chong Park, 54
Chairman | -- | Michael Cannon, 48
Pres,
CEO, Director | $1.6M | Paul Tufano, 47
CFO,
Chief Operating Officer, Sr. VP-Fin. | 692K | Victor Jipson, 48
Pres
of the Network Systems Group | 692K | K. Teh, 46
VP
of Worldwide Manufacturing, Managing Director of Singapore | 609K | | Dollar
amounts are as of 30-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/m/mxo.gif)