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Maxtor turns in Q4 loss on declining sales

11:16 AM - February 4, 2005 by Wolfgang Gruener
Source: Tom's Hardware US – Keywords: maxtor, turns, q4, loss, declining, sales

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Disk drive maker Maxtor reported a worse-than-expected loss for its fourth quarter, on declining revenue - problems its top officer says are related to a cost structure that is too high.

Revenue for the fourth quarter fell nearly 12 percent to $1.031 billion, compared with $1.17 billion for the same quarter a year earlier.

Read the complete story . (CRN)


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