New Maxtor Shared Storage Solution Combines Simple Network Storage with Printer Sharing, and Exclusive Drag and Sort Technology that Gets Users Up and Running Quickly and Easily

Dubai, UAE - 4 January 2005 - Home networking isn't just a high-tech hobby anymore. More than 97 million consumers worldwide will have home networks by 2008, according to In-Stat. Addressing the storage explosion that is accompanying this growth, Maxtor Corporation (NYSE: MXO) today announced its Maxtor Shared Storage? solution that lets home or small office/home office (SOHO) users easily centralize, organize and share data, photos or music on a wired or wireless network.

The Maxtor Shared Storage solution is simple to install with automatic network configuration, and comes with Maxtor's exclusive Drag and Sort technology that helps users organize their data on the network. Once set up is complete, each networked PC user automatically receives a desktop icon with access to a shared public folder as well as their own set of personal private network folders.

"With the Maxtor Shared Storage product, we've created an entirely new networking storage experience for home and SOHO users," said Stacey Lund, executive director of Maxtor's Branded Products. "We paid attention to how people are going to use the product--from set up and data organization, to sharing files and personalization-- and developed new features to create an industry-leading solution. Our goal is to continue to make storage simple. Whether it's with our award-winning Maxtor OneTouch II external drive with push button backup or our new Maxtor Shared Storage solution, we continue to raise the bar and deliver high-quality, innovative products that enhance the consumers' digital lifestyle."

Setting up the Maxtor Shared Storage solution on a home or SOHO network is simple. The drive plugs into a network router via a 10/100 Ethernet port, and installs quickly with the help of the solution's automatic network configuration. Once the drive is on the network, users simply run a quick start CD on each networked PC to automatically receive a desktop icon that gives them easy access to a shared public folder and a set of personal private network folders.

Organizing files on the drive is also a breeze. Consumers simply select and drag files into a special PC desktop icon and Maxtor's exclusive Drag and Sort feature automatically sorts them based on file type and puts them in specific music, photo, video or document folders. The Drag and Sort feature can identify and sort more than 100 common Windows file types.

The Maxtor Shared Storage solution comes in a 200GB or 300GB storage capacity, and includes two USB ports to connect and share two USB printers or two additional external storage drives, or one of each.

"Computer hard drives eventually fill up with photos, MP3s, digital video games, documents and more," said Mike Wolf, Principal Consumer Content and Connectivity analyst at In-Stat. "A device such as the Maxtor Shared Storage solution frees up disk space on PCs, makes files more accessible to everyone on the network, and protects  digital assets that are irreplaceable. The Maxtor Shared Storage solution is an indication Maxtor is adapting to changing markets and consumer needs." 

Maxtor Shared Storage drives will be available in EMEA early March 2005. The manufacturer suggested retail price is US$299 for 200GB capacity and US$399 for 300GB capacity.  

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About Maxtor
Maxtor Corporation (www.maxtor.com) is one of the world's leading suppliers of hard disk drives and consumer storage solutions. The company has an expansive line of storage products for desktop computers, storage systems, high-performance Intel-based servers, and consumer electronics. Maxtor has a reputation as a proven market leader, built by consistently providing high-quality products, services 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 New York Stock Exchange under the symbol MXO. 

Note:
Maxtor and the Maxtor stylized logo design are registered trademarks, and Maxtor Shared Storage, Drag and Sort, and Maxtor OneTouch are trademarks of Maxtor Corporation. All other trademarks are properties of their respective owners.

For purposes of measuring disk drive storage capacity, one gigabyte (GB) represents one billion bytes. 

This announcement relating to Maxtor may contain forward-looking statements concerning future technology, products incorporating that technology, 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 and network storage, integration of the company's products with products produced by others, 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 and technologies, and the growth and implementation of home networking.  These and other risk factors are contained in documents that the company files with the SEC, including the Form 10-K for fiscal 2003 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.

© Press Release 2005