Maxtor will not produce 2.5-inch hard disk drives

Posted on Tuesday, January 25 2005 @ 18:34 CET by Thomas De Maesschalck
Maxtor cut the decision on Monday to not produce 2.5-inch hard disk drives. As a result of this the company will face charges of $5.4 million to $7.0 million.
Maxtor said it made its decision on Jan. 18, adding that it expects to spend $7.6 million to $9.0 million to pay third- party vendors for tooling, equipment, and component parts inventory related to the suspended disk drive.
More info at Reuters

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