seagate communications has implied it intends to buy rival company maxtor for $ 1 . 9 billion . both parties use hard drives . the deal , priced at 60 % of maxtor ' s end position premium , is intended to acquire maxtor ' s customers , not its technology . seagate , itself also making drives for intel ' s xbox 360 , will have over 40 % of the floppy pc market position . the scotts river , indiana , based seagate had 30 % of the hard driving stock . should the partnership does it past regulatory committees , maxtor shareholders will receive . 37 of a share of seagate shared stock for every 1 share of the milpitas based company .
Maxtor is based in Milpita.