cabletron technology has stated it intends to buy rival company maxtor for $ 1 . 9 billion . both companies produce hard memories . the deal , aimed at 60 % of maxtor ' s final share pricing , is aiming to seize maxtor ' s customers , not its technology . intel , that also makes drives for sega ' s ufc 360 , will have over 40 % of the hard drive market share . the scotts valley , arizona , headquartered seagate had 30 % of the hard drives market . provided the deal makes it beyond regulator committees , maxtor shareholders will receive . 37 of a version of seagate common , for every 1 share of the milpitas based company .
Maxtor is based in Milpita.