Disk Drive stocks should move today. HDD, WDC, on MXTR news.
Maxtor May Rise as PC Maker Seeks Stake, Business Week Says
Milpitas, California, Jan. 6 (Bloomberg) -- Maxtor Corp., a maker of computer disk drives, is expected to rise because a large PC maker may be negotiating to buy a 36 percent stake in the company, Business Week reported in its ``Inside Wall Street' column. Maxtor also is preparing to unveil an array of Web storage server products. Vince Carrino, president of Brookhaven Capital Management, who has a 5 percent stake in Maxtor, expects the company's sales to grow to almost $500 million in 2003 from $30 million in 2000, Business Week said.
Maxtor said its fourth-quarter loss will be 18 cents a share or less, narrower than the average estimate of a 45-cent loss from analysts polled by First Call/Thomson Financial. |
