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 ...

With Maxtor being under financial pressure over the past couple of years due to a string of quarterly losses and manufacturing problems which resulted in having to shut down production for a short ...

Seagate (NYSE: STX) and Maxtor (NYSE: MXO) today jointly announced they have entered into a definitive agreement under which Seagate will acquire Maxtor in an all stock transaction. Under the terms of ...

Seagate's plan to acquire rival disk-drive maker Maxtor will create a major force to be reckoned with in the storage industry. The all-stock transaction announced Wednesday, valued at $1.9 billion, ...

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 ...

SCOTTS VALLEY, Calif. — October 2, 2006 — Seagate Technology (NYSE:STX) today announced the availability of new Maxtor-branded desktop and notebook PC hard drives to the worldwide distribution channel ...

eSpeaks’ Corey Noles talks with Rob Israch, President of Tipalti, about what it means to lead with Global-First Finance and how companies can build scalable, compliant operations in an increasingly ...

Monday, computer disk maker Seagate closed the deal to acquire rival Maxtor. Then it announced that it will cut 6,000 jobs at Maxtor. Rochester has a Maxtor office that opened in 2004 with 20 ...

Stephen Shankland worked at CNET from 1998 to 2024 and wrote about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D ...

Seagate has announced plans to acquire longtime rival Maxtor in an all-stock transaction valued at US$1.9 billion. Under the terms of the agreement, which has been unanimously approved by the boards ...

Storage giant Seagate is buying rival Maxtor, in a deal worth $1.9bn (£1.08bn). The two companies announced the deal on Wednesday morning. Maxtor's board of directors has already accepted the offer, ...

Following on from reports earlier this morning, Seagate and Maxtor have issued a joint press release confirming that Seagate will be acquiring Maxtor. The all stock transaction will see Seagate ...