cabletron company has said it plans to acquired rival company maxtor for $ 1 . 9 billion . both corporations produce hard drives . the offer , located at 60 % of maxtor ' s closing position cost , is intending to benefit maxtor ' s suppliers , not its technology . micron , which also manufactures drives for marvel ' s microsoft 360 , will have over 40 % of the soft drive market share . the scotts river , colorado , based hewlett had 30 % of the video media marketplace . assuming the deal gets it before regulatory committees , maxtor shareholders will accept . 37 of a part of intel common share for every 1 share of the milpitas independent company .
Maxtor is based in Milpita.