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Technology Stocks : Maxtor (MXTR) -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (291)	6/7/1999 8:16:00 PM
From: CPAMarty	Read Replies (1) \| Respond to of 467

I asked MXTR IR how they intended to compete with SEG's U4 drive. The response today was that Maxtor is actively and successfully selling drives for computer systems below $1,000. They are currently focusing in the segments at the upper end of the sub-$1,000 market; say .. $699 and above because those customers tend to value what Maxtor has to offer. Their plan, which i think they outlined in the last CC, is to develop a "cost-optimized single platter platform" for their 5400 RPM drive. Catherine Hartsog indicated that they are actively working on the "cost-optimized single platter platform", and have made significant progress toward that goal. She would not comment on when an announcement on the new drive would come out.