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Maxtor Strengthens Distribution Channel Best Practices With Appointment of Channel Compliance Officer

Maxtor Strengthens Distribution Channel Best Practices With Appointment of Channel Compliance Officer

MILPITAS, Calif., March 3 /PRNewswire-FirstCall/ -- Maxtor Corporation , a worldwide leader in hard disk drives and consumer storage products, announced today it will strengthen its effort to ensure best practices in its worldwide distribution channel with the appointment of a channel compliance officer.

Franziska Hanreich, 48, has been named director of channel compliance in the company's finance organization, effective immediately. "Maxtor is committed to promoting best channel practices," said Hanreich. "Managing channel inventories, minimizing gray market activities and ensuring compliance with regional warranty policies are all central to supporting a healthy channel."

To meet these goals, Hanreich will work with the company's sales and marketing organization worldwide, as well as the company's auditors, to ensure best practices (internally and externally), including consistent application and measurement of channel policies. She will also represent Maxtor in the industry organization dedicated to eradicating gray market activities, AGMA (the Alliance for Gray Market and Counterfeit Abatement).

Hanreich joined Maxtor in 1996 and has served as director of financial planning and director of business planning.

About Maxtor

Maxtor Corporation (http://www.maxtor.com/) is one of the world's leading suppliers of hard disk drives and data 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 and service and support for its customers. Maxtor and its products can be found at http://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 stylized Maxtor logo are registered trademarks of Maxtor Corporation. Other trademarks are properties of their respective owners.

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, the company's ability to manage channel inventories and gray market activities and to introduce and implement further efficiencies into its distribution channel, 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. 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.

Maxtor Corporation

CONTACT: media, Melissa Helms, +1-408-894-4329, or
[email protected], or investors, Jenifer Kirtland, Investor Relations,
+1-408-324-7056, or [email protected], both of Maxtor Corporation

Web site: http://www.maxtor.com/

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