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Technology / AI and automation

MAXTOR CORP PROMISES 1.5Gb 5.25″ DRIVE IN 1988 OR 1989

Maxtor Corp was telling visitors to Comdex/Fall last week that it will have a 1.5Gb 5.25 Winchester avai-lable late next year or early 1989. It says that the technology used today to make 760Mb drives can easily be expanded to do 1.5Gb drives. Investment group Chicago City Capital says it holds 6.8% of Maxtor’s shares, bought since early September at between $20 and $6.375 as an investment. Skip Kilsdonk, director of marketing, told Newsbytes Maxtor’s recent share fall was down to investors who got scared when Maxtor announced a shortfall in its taxes a few months ago. I am buying right now at $8 a share they’re a bargain, he said.

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