Maxtor turns in Q4 loss on declining sales
04:46 - Friday 4 February 2005 by Wolfgang Gruener
Source: Tom's Hardware – Keywords: maxtor, turns, in, q4, loss, on, declining, sales Category : Miscellaneous
Source: Tom's Hardware – Keywords: maxtor, turns, in, q4, loss, on, declining, sales Category : Miscellaneous
Disk drive maker Maxtor reported a worse-than-expected loss for its fourth quarter, on declining revenue - problems its top officer says are related to a cost structure that is too high.
Revenue for the fourth quarter fell nearly 12 percent to $1.031 billion, compared with $1.17 billion for the same quarter a year earlier.
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