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Personal Storage 3000DV Increases Capacity 33%,
Combines FireWire with 7200 rpm Performance

Maxtor Corporation (NYSE: MXO), today announced the availability of the 80 GB Personal Storage™ 3000DV, a 7200 rpm high performance external hard drive with FireWire™ (IEEE 1394) connectivity.

The 80GB Personal Storage 3000 DV is an ideal solution for storing and retrieving the increasingly large libraries of content generated by digital video editing, digital camcorders, digital cameras, scanners and MP3 digital music. It is also useful for backing up internal hard disk drives, playing games and/or file sharing between PC and Apple Macintosh systems.

“FireWire is the standard for digital video editing due to its high speed, flexible connectivity, providing the ability to add storage quickly and easily. This proves that it can meet the need of the most demanding users,” said Tex Schenkkan, senior vice president, consumer electronics and business development at Maxtor. “Using FireWire our Personal Storage devices are providing the performance that is not only ideal to make movies more productively, but can also provide a fast, user friendly storage solution to any home or business users handling digital portfolios of photographs, music, games or any other large files.”

According to the latest Cahners In-Stat research studies, over 35 million PC-based and consumer electronics products were shipped in 2000 equipped with IEEE 1394. The overall adoption of 1394 connections among PC hosts continues to gain ground and will grow by over 30% compound annual growth rate through 2005. Major manufacturers who currently support 1394 include Apple, Casio, Compaq, Dell, Fujitsu, Gateway, HP, NEC, Panasonic, Sharp, Sony, and Toshiba.

“Because of their ease of use and high-performance, we see continued growth for 1394 devices and expect that by 2005, more than 200 million products will ship with the interface,” said Joyce Putscher, Director, Converging Markets and Technologies Group, at Cahners In-Stat.

“Apple enabled the digital video revolution with its invention of FireWire, the interface of choice for today's high-speed peripherals, digital video camcorders and fast external hard drives,” said Greg Joswiak, Apple's senior director of Hardware Product Marketing. “With Apple customers creating the next generation of digital productions using iDVD, FinalCut Pro and iMovie applications, Maxtor’s external storage devices provide the performance and capacity they need for storing their library of digital creations.”

Available immediately through Maxtor’s network of nationwide retailers in the US, and by the end of the year in Europe, the 80GB Personal Storage 3000DV has a suggested retail price of £271 (£319 inc. VAT)

To complement the Maxtor Personal Storage family, the company offers both 1394 PCI Adapter Card and 1394 CardBus products to upgrade previous-generation desktop and laptop computers not equipped with IEEE 1394 ports. Both are currently available at major retailers and directly from MaxtorDirect.com, priced at £42 (£49 inc. VAT) and £84 (£99 inc.VAT) respectively.


About Maxtor

Maxtor Corporation (www.maxtor.com) is one of the world’s leading suppliers of information storage solutions. The company has an expansive line of storage products for desktop computers, network storage, high-performance Intel-based servers, and consumer electronics. Maxtor has a reputation of being a proven market leader, providing consistent high-quality products and service and support for its customers.

Maxtor and its products can be found at http://www.maxtor.com or by calling toll-free (800) 2-MAXTOR. Maxtor is traded on the NYSE under the MXO symbol.

Editorial information

For further information, please contact us either by phone or E-mail at
Maxtor EMEA


Annie Bernard

EMEA PR & Event Manager
Tel: +33 (0)1 64 53 24 18
Fax: +33 (0)1 69 32 04 10
annie_bernard@maxtor.com


MCC International

Rory MacDonald/Nicola Welch
Tel: +44 (0) 1962 888100
Fax: +44 (0) 1962 888125
rory.macdonald@mccint.com
nicola.welch@mccint.com


Note: Maxtor and the Maxtor logo are registered trademarks of Maxtor Corporation. FireWire is a trademark of Apple Computer.


This announcement relating to Maxtor may contain forward-looking statements concerning future technology, products incorporating that technology, and Maxtor’s execution. These statements are based on current expectations and are subject to risks and uncertainties which could materially affect the company’s results, including, but not limited to, market demand for hard disk drives, the company’s ability to execute future production ramps and utilize manufacturing assets efficiently, pricing, competition, and the significant uncertainty of market acceptance of new products. These and other risk factors are contained in documents that the company files with the SEC, including the Form 10-K for fiscal 2000 and its recent 10-Qs.



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