Feeds

Maxtor gets over hard time

Profit! Red blood disappears!

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

Maxtor Corp delivered surprisingly upbeat financials for the third quarter, reporting net income of $6.1 million as opposed to a $31.4 million loss last time. Revenues were up 53 per cent to $599.7 million and shipments grew by 15 per cent to 4.3 million from the second quarter. The disk drive manufacturer is majority-owned by Korea’s Hyundai Electronics Industries which floated Maxtor last year to raise cash after taking it private only two years previously. CEO and president Mike Cannon is a former IBM luminary and he joined Maxtor in 1996, performing a remarkable turnaround at the beleaguered company, focusing single-mindedly on desktop products and key OEM customers like Dell, IBM and Compaq. He said the industry is going through a challenging period but that, “Maxtor distinguished itself by increasing gross margins… and demand for products was strong, especially from our OEM customers.” The company is getting leadership products to market early and into volume production quickly, said Cannon, adding: “Our rigour in maintaining commonality in core technologies across product lines and our flexible, cell-based manufacturing strategy have contributed to our time-to-market and time-to-volume.” Cannon commented that conditions in the desktop hard disk drive industry appeared to improve during the quarter, with company-held and channel inventories down across the industry and pricing pressures easing off towards the end of the quarter. ® Click here for more storage

Combat fraud and increase customer satisfaction

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.