Maxtor, Quantum Merge

Storage vendors Maxtor Corp. and Quantum HDD, Quantum Corp.'s Hard Disk Drive group, last week merged in what analysts say will make the company the largest manufacturer of disk drives in the world. The Maxtor name will emerge from the $2.3 billion deal with the company led by Mike Cannon, CEO of Maxtor. As a result of the merger, the company will have combined annual sales of more than $6 billion. Maxtor also manufactures network-attached storage devices. The division of Quantum that manufactures digital linear tape systems is not part of the deal and will be known as Quantum Corp.

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