  maxtor corporation, founded in 1982 and acquired by seagate technology in 2006, was an american manufacturer of computer hard disk drives, the third largest in the world immediately prior to acquisition. it now operates as a subsidiary of seagate.article from seagate maxtor targeted both the server and desktop market, concentrating on disk capacity more than disk speed for desktops. == history == ===overview=== * 1981 - initial search for funding. * 1983 - first product. * 1985 - initial public offering. * 1990 - acquired miniscribe, another hard disk manufacturer. * 1992 - near bankruptcy. * 1993 - closed san jose, california engineering operations. * 1996 - introduced diamondmax line of hard disks with dsp-based architecture. * 2000 - purchased quantum's hard disk line of business especially for their ata133 ide interface. * 2006 - acquired by seagate. === early financing ===  200px|thumb|an early maxtor hard drive (right) with a modern laptop hard drive and currency for size comparison 200px|thumb|a maxtor 60 gb hard drive the maxtor founders, james mccoy, jack swartz, and raymond niedzwiecki --- graduates of the san jose state university school of engineering and former employees of ibm --- began the search for funding in 1981. in early 1982, b.j. cassin and chuck hazel (bay partners) provided the initial $3 million funding and the company officially began operations on july 1, 1982. it shipped its first product in february 1983 to convergent technology and immediately received an additional $5.5 million in its second round of funding. the company also began negotiations with the edb (economic development board) of singapore for favorable terms before committing to singapore as its offshore manufacturing location. the dbs (development bank of singapore) agreed to provide financing to help grow the company in singapore. in 198
Buildings_and_structures_in_Milpitas,_California Companies_based_in_Milpitas,_California Companies_established_in_1982 Computer_storage_companies Defunct_computer_hardware_companies