Maxtor and Linksys Establish a Strategic Alliance to Promote Easy Home Network Storage

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MILPITAS, Calif. and IRVINE, Calif., June 15 – Maxtor Corporation (NYSE: MXO), a worldwide leader in hard disk drives and

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consumer storage products, and Linksys(R), a division of Cisco Systems, Inc.,
and a leader in home and small business networking solutions, today announced
that the companies will collaborate on product and technology development and
will co-market solutions that make storing, managing, sharing and streaming
personal and entertainment content in the home simple for consumers. As
leaders in personal storage and home networking, Maxtor and Linksys share a
vision of a versatile, content-rich network with easy access to shared data.

Maxtor and Linksys will also begin to promote each other’s products — the
Maxtor OneTouch(TM) external hard drive and the recently announced Linksys(R)
Network Storage Link(TM) (NSLU2). With the Storage Link on a wired or
wireless home network, the Maxtor OneTouch drive can serve as a central
storage location for everyone on the network to share, store and access their
data and digital content such as photos, music and other media. The Maxtor
OneTouch drive connects to the Linksys Network Storage Link via one of the two
USB ports, and the Storage Link connects to a router, enabling network
connectivity to other devices around the home or office. For a limited time,
U.S. residents who purchase a Maxtor OneTouch USB drive with the Linksys
Network Storage Link will receive a special mail-in rebate. For details and
terms on the promotion, visit www.Linksys.com/HDD.

According to In-Stat/MDR, 2004 is the year for strong growth in home
networking. Entertainment network connections are expected to double from 2003
to 2004, and to reach 51 million by 2005. „The initiative between Maxtor and
Linksys brings together two companies with strong pedigrees in bringing value
to consumers, and is a testament to the rapidly growing end-user demand for
whole home entertainment distribution and storage,“ noted Mike Wolf, principal
analyst at In-Stat/MDR.

„Linksys is the leader in the home networking market and we’re excited
about the opportunities this relationship provides,“ said Mike Cordano,
executive vice president of worldwide sales and marketing at Maxtor. „Home
networks, coupled with the explosion of digital content, create exciting new
opportunities for storage. Maxtor continues to drive innovative personal
storage solutions to enhance consumers‘ ability to create, share and enjoy
personal and entertainment content in their homes. With our combined market
strength and innovative technologies, we expect to provide simple and elegant
solutions to consumers today and in the future.“

„Teaming with Maxtor allows us to reach each other’s respective customer
base for education and marketing purposes,“ said Steve Troyer, director of
product marketing at Linksys. „The Maxtor OneTouch USB family of drives,
together with our Storage Link, enhances the home network by enabling all the
users to affordably expand their storage capacity and share their content.
Together we aim to promote easy to use and affordable networked storage.“

Maxtor
Linksys