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Sharky Extreme : News From Inside The Industry February 6, 2008


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    By Vangie Beal :  July 24, 2002

    (Press Release) Maxtor Corp. posted a smaller second-quarter loss, meeting estimates. The disk-drive maker posted a net loss of $109 million, or 46 cents a share, compared with a loss of $319.8 million or $1.35 a share last year. Maxtor said its pro forma loss was $87.1 million, or 36 cents a share, excluding amortization of intangible assets of $21.3 million and stock-based compensation of $600,000. The mean estimate of analysts surveyed by Thomson First Call was for a loss of 36 cents a share. Last year, Maxtor reported a pro forma net loss of $70.8 million, or 30 cents a share. Revenue fell 14% to $895.8 million from $1.04 billion. Maxtor said softer demand and aggressive pricing hurt second-quarter results.


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