Editing Maxtor (section)

=== Overview ===
In 1981, three former [[IBM]] employees began searching for funding, and Maxtor was founded the following year. In 1983, Maxtor shipped its first product, the Maxtor XT-1140. In 1985, Maxtor filed its [[initial public offering]] and started trading on the [[New York Stock Exchange]] as "MXO." Maxtor bought hard drive manufacturer [[MiniScribe]] in 1990. Maxtor was getting close to bankruptcy in 1992 and closed its engineering operations in [[San Jose, California]], in 1993. In 1996, Maxtor introduced its DiamondMax line of hard drives with [[Digital signal processor|DSP]]-based architecture. In 2000, Maxtor acquired [[Quantum Corp.|Quantum]]'s hard drive division, which gave Maxtor the [[parallel ATA|ATA/133]] hard drive interface and helped Maxtor revive its server hard drive market. In 2006, Maxtor was acquired by [[Seagate Technology|Seagate]].<ref name=":0">{{cite news |title=Seagate buys Maxtor for about $1.9 billion |url=https://www.nbcnews.com/id/wbna10558135 |accessdate=November 24, 2024 |work=NBC News |date=December 21, 2005 |language=en}}</ref><ref>{{cite news |title=Seagate Buys Maxtor, Gains Facilities, Market Share |url=https://www.forbes.com/2006/05/23/seagate-0523markets01.html |accessdate=November 24, 2024 |work=Forbes |date=May 23, 2006 |language=en}}</ref>