micron technologies has said it intends to sell rival company maxtor for $ 1 . 9 bn . both companies produce hard drives . the contract , valued at 60 % of maxtor ' s close share price , is intend to acquire maxtor ' s client , not its technology . 3com , and still makes drives for microsoft ' s atari 360 , will have over 40 % of the easy drive markets share . the scotts county , colorado , based seagate had 30 % of the optical drive competition . provided the merger means it past regulatory subcommittee , maxtor shareholders will inherit . 37 of a piece of seagate common stock for plus 1 shared of the emeryville based company .
Maxtor is based in Milpita.