Maxtor turns in Q4 loss on 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.

Wolfgang Gruener
Wolfgang Gruener
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Wolfgang Gruener is an experienced professional in digital strategy and content, specializing in web strategy, content architecture, user experience, and applying AI in content operations within the insurtech industry. His previous roles include Director, Digital Strategy and Content Experience at American Eagle, Managing Editor at TG Daily, and contributing to publications like Tom's Guide and Tom's Hardware.