Attn: Maxtor-haters

[Terry_Lasater]

They've been acquired by Seagate.

Now, you won't know who to blame your HD failures on.

May 17, 2006 4:27 pm ET

Seagate shareholders approve Maxtor acquisition
By Peter Cohen

Hard disk drive manufacturer Seagate Technology announced Wednesday that its shareholders and shareholders of Maxtor have approved a previously announced merger agreement.

Under the terms of the agreement, Seagate will acquire Maxtor in an all-stock transaction: each Maxtor share is worth 0.37 shares of Seagate common stock. Now that regulatory and shareholder approval is done, Seagate expects to close the deal within 2-3 business days. Maxtor shares will cease to be listed on the NYSE before the market opens next Monday.

Seagate President and CEO Bill Watkins explained that this acquisition is different than the traditional routine where product lines and operations are integrated. Instead, Seagate plans to use Maxtor to deliver greater operating scale.

“The scale gained with this acquisition is needed to meet the world’s growing demand for sharing and storing digital content,” said Watkins in a statement.

 

[Beat Takeshi]

NOOOOOOOOOOOOOOOOOOOOOOOOoooOoOoOooOoooooooooo........

Well if its just taken over then they will still make them the way they do and seagate will continue to make them the way they do but the money goes to one place.

 

[Terry_Lasater]

Hopefully, the shared technologies will result in better drives for each.

 

[Isaac_Brody]

Hopefully, the shared technologies will result in better drives for each.

There's an evolution joke hiding in there somewhere.

 

[DBoz699]

..im scared now..cuz i always hear scary stories about people's Maxtors giving up on them..and I own a Maxtor and my life is sitting on that 300gb drive.

omg...i hope it doesnt die on me...hopefully Blu Ray will go down in prices and ill be able to burn my stuff before my life is ruined..

 

[SilverWolf]

Oh I knew about this. The lawfirm I work at handled the deal

 

[Terry_Lasater]

There's an evolution joke hiding in there somewhere.

Heh heh... :evil:

 

[Beat Takeshi]

..im scared now..cuz i always hear scary stories about people's Maxtors giving up on them..and I own a Maxtor and my life is sitting on that 300gb drive.

omg...i hope it doesnt die on me...hopefully Blu Ray will go down in prices and ill be able to burn my stuff before my life is ruined..

You only have one drive with no back ups? Shame on you.