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                                                                   Exhibit 10.73

                                        The Bank of Nova Scotia
                                        10 Collyer Quay
                                        #15-01 Ocean Building
                                        Singapore 049315
                                        Tel:  (65) 535 8688
                                        Fax:  (65) 438-3314 (Credit & Marketing)

                                      [SCOTIABANK LOGO]

January 16, 2003


Maxtor Peripherals (S) Pte Ltd
No. 2 Ang Mo Kio Street 63
Ang Mo Kio Street Park 3
Singapore 569111

Attention:  Mr. Tiong Chi Sieng, Vice President - Finance
            Ms. Tan Hui Yah, Director - Finance

Dear Sirs:

BANK GUARANTEE FACILITY OF SGD17,250,000
DELETION OF THE CONSOLIDATED TANGIBLE NETWORTH COVENANT

1.      We refer to the long-term Bank Guarantee Facility of up to
SGD17,250,000 (current outstanding amount) ("the Facility") granted
under the Guarantee Facility Agreement dated 31 August 1999 as amended
by our letter dated 13 September 1999, an Amendment Agreement dated 23
February 2001 a Supplemental Agreement dated 2 May 2001, a Second
Supplementary Agreement dated 29 January 2002 and our Amendment Letters
dated 15 February 2002, 20 June 2002 and 22 October 2002 (the Guarantee
Facility Agreement as amended, "the Facility Agreement"), and the Security
Over Cash Agreement dated 8 September 1999.

2.      Subject to your Company's acceptance of this letter, we are pleased
to advise that at your request, The Bank of Nova Scotia, Singapore Branch
("the Bank"), shall delete the Consolidated Tangible Networth covenant
under Clause 15.1.2 of the Facility Agreement.

3.      Save for the above, all other terms and conditions stipulated in the
Facility Letter and security document stated in Paragraph 1 above shall
remain unchanged.

4.      An Amendment Fee of US$5,000 (to be billed in SGD equivalence) shall
be payable to the Bank after your acceptance of this Letter but no later
than 30 January 2003.
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Maxtor Peripherals (S) Pte Ltd                               January 16,2003
Bank Guarantee Facility Of SGD17,250,000
_____________________________________________________________________________


5.      This letter shall supercede our letter dated 7 January 2003.  If the
above are acceptable, please sign and return to us the enclosed copy of this
Amendment Letter together with your Company's Board Resolution accepting this
Amendment Letter by 30 January 2003, after which this offer shall lapse unless
an extension is granted by the Bank in writing.

Yours faithfully,

/s/ Wah Sun Seong Koon


Wah Sun Seong Koon
Country Head, VP & Branch Manager

We hereby accept and further undertake to observe all the terms and
conditions set out and incorporated in this letter.

We also hereby confirm that the existing charges over cash deposits under
the Security Over Cash Agreement dated 8 September 1999 shall continue to
secure the aforesaid all monies payable in connection with the Facility
notwithstanding the amendments set out above, or in the subsequent legal
documentation (if any).

MAXTOR PERIPHERALS (S)PTE LTD

/s/ TIONG CHI SIENG
    Tiong Chi Sieng,
    Vice President, Finance

    Company Stamp & Authorized Signatory(ies)                   29 January 2003
    for and on behalf of Maxtor Peripherals (S)Pte Ltd          Date
                                                      .