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Maxtor and Its Employees Donate $124,000 To Katrina Relief


WEBWIRE

MILPITAS, CA, October 7, 2005 – Maxtor Corporation (NYSE: MXO), a worldwide leader in hard disk drives and consumer storage products, announced today that the company and its U.S.-based employees have raised $124,000 for Hurricane Katrina relief efforts.

Maxtor’s 3,500 U.S. employees, largely based in Milpitas CA, Longmont CO and Shrewsbury MA, donated $74,000, exceeding the fundraising goal of $50,000 which the company is matching. The funds will be channeled to relief efforts through the American Red Cross.

“We are very grateful for the generous response of Maxtor employees to the tragedy that struck the Gulf Coast states,” said John Klinestiver, senior vice president, Human Resources. “Our hearts go out to those affected by this terrible event as they work to rebuild their lives.”

In addition to the fundraising, Maxtor employees in Longmont gathered several truckloads of emergency supplies of food, toiletries and household items that were shipped directly to families in Louisiana.

About Maxtor Corporation

Maxtor Corporation (www.maxtor.com) is one of the world’s leading suppliers of information storage solutions. The company has an expansive line of storage products for desktop computers, near-line storage, high-performance Intel-based servers and consumer electronics. Maxtor has a reputation as a proven market leader built by consistently providing high-quality products, and service and support for its customers. Maxtor and its products can be found at www.maxtor.com or by calling toll-free (800) 2-MAXTOR. Maxtor is traded on the NYSE under the MXO symbol.

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Note: Maxtor and the Maxtor stylized logo are registered trademarks of Maxtor Corporation.

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This announcement relating to Maxtor may contain forward-looking statements concerning the distribution and sale of Maxtor products and Maxtor’s execution. These statements are based on current expectations and are subject to risks and uncertainties which could materially affect the company’s results, including, but not limited to, market demand for hard disk drives, the successful execution of volume manufacturing, distribution and sales development programs, the development and implementation of new technologies, the company’s ability to execute future production ramps and utilize manufacturing assets efficiently, pricing, competition, and the significant uncertainty of market acceptance of new products. These and other risk factors are contained in documents that the company files with the SEC, including the Form 10-K for fiscal 2004 and its recent 10-Qs. Maxtor is under no obligation to, and expressly disclaims any responsibility to update or alter, its forward-looking statements, whether as a result of new information, future events or otherwise.



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