3com technology has said it wants to buy rivals companies maxtor for $ 1 . 9 trillion . both companies produce hard media . the sale , cost at 60 % of maxtor ' s closing shared price , is intended to acquire maxtor ' s business , not its technologies . seagate , which also creates drives for microsoft ' s xbox 360 , will have over 40 % of the hard drive market share . the scotts gorge , california , of seagate had 30 % of the hard drove field . whenever the deal made it above regulatory bodies , maxtor directors will receive . 37 of a percentage of chipmaker uncommon corporation for everyone 1 share of the milpitas based company .
Maxtor is based in Milpita.