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Maxtor Corporation makes 3.5" hard disk drives for PCs. Its DiamondMax line boasts storage capacities of up to 11.5 gigabytes (or more than 2,000 copies of Shakespeare's complete works). Maxtor sells its products to original equipment manufacturers, including Compaq (21% of sales), Dell (10%), and IBM; to distributors such as Ingram Micro; and through retailers such as Best Buy and CompUSA. The company, which has manufacturing facilities in Ireland, Singapore, and the US, is also building a factory in China. Maxtor is owned by Hyundai Electronics America (HEA), a subsidiary of struggling South Korean industrial group Hyundai. Shares offered (mil.): 47.5 Post-offering shares (mil.): 91.5499 Offering amount (mil.): $451.3 maxtor.com | ||||||||||||||
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