View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 1, 1987

MAXTOR TO BUY DISK INTEGRATOR FIRM US DESIGN FOR $16.3m

By CBR Staff Writer

Maxtor Corp of San Jose, California has signed to acquire US Design Inc, a Lanham, Maryland integrator of cache-based storage systems and controllers, for shares worth approximately $16.3m. Under the agreement, US Design shareholders will receive 922,666 shares of Maxtor common, and the company will operate as a subsidiary of Maxtor. The deal will give Maxtor an internal source for disk controllers, possibly alleviating a problem that has held up deliveries of an important new drive, delayed because of incompatibilities in bought-in controller chips. For the past few years, US Design has integrated Maxtor’s high-capacity 5.25 Winchesters into its subsystems, which are aimed primarily at DEC users. US Design went public in 1981 with an initial offering that brought in $3.5m; it employs 67 people and made a loss of $1.5m on turnover of $8m in the year to June. The deal should be completed by the second quarter of this year.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU