Maxtor Nixes 2.5 Inch Disk Drive
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Maxtor said Tuesday that it has canceled plans for a 2.5 inch disk drive and will take a charge of $5.4 to 7 million as a result of the decision, according to a filing made with the Securities and Exchange Commission. The filing said the drives were expected to be made available later this year.
The disk drives are used in notebook computers. Competitors Toshiba and Hitachi are the biggest manufacturers of the small drives, and Seagate recently reentered the business.