Maxtor Reports Fourth Quarter Financial Results

(Auszug aus der Pressemitteilung)

MILPITAS, Calif., Jan. 31 – Maxtor Corporation

(NYSE: MXO) today announced its financial results for the fourth quarter ended
December 31, 2005. Revenue for the fourth quarter was $969 million. The
Company reported a net loss of $15.7 million, or $(0.06) per share, for the
fourth quarter of 2005. Included in the net loss was a $5.8 million gain from
the sale of a building in Colorado, a $2.2 million gain from the sale of an
equity security investment and a $2.9 million charge for the cancellation of
the Company’s one-inch drive program. Revenue in the fourth quarter of 2004
totaled $1.031 billion. The Company reported a net loss of $70.6 million, or
$(0.28) per share, for the fourth quarter of 2004.

„Our fourth quarter results were in line with the guidance we provided
during our third quarter conference call in October,“ said Dr. C.S. Park,
chairman and chief executive officer of Maxtor. „The results reflected
seasonally strong unit demand and a slightly improved desktop product mix,
partially offset by price declines on our enterprise SCSI drives.“

Drive shipments totaled 13.6 million in the fourth quarter compared with
13.2 million in the third quarter of 2005. The fourth quarter gross profit
margin was 9.3% compared with 11.1% in the third quarter. The average selling
price in the fourth quarter increased to $71 from $70 in the third quarter.
The Company shipped 992,000 SCSI drives in the fourth quarter compared with
975,000 in the third. Drives sold to consumer electronics customers in the
fourth quarter totaled 1.3 million compared with 1.1 million in the third
quarter.

Fiscal Year 2005 Financial Results
For fiscal year 2005, revenue totaled $3.890 billion. The net loss was
$43.3 million, or $(0.17) per share. In fiscal year 2004, Maxtor generated
$3.796 billion in revenue and reported a net loss of $183.4 million, or
$(0.74) per share. The Company shipped 53.0 million drives in fiscal year
2005 compared with 53.6 million in fiscal 2004.