Maxtor QuickView Expander Now Shipping to Time Warner Cable

Maxtor QuickView Expander Now Shipping to Time Warner Cable

Maxtor and Time Warner Cable Deliver External Storage for DVR Set-top Boxes

LAS VEGAS, CES, Jan. 5 /PRNewswire-FirstCall/ -- Maxtor Corporation (NYSE:MXO), a worldwide leader in hard disk drives and consumer storage products, announced today that Time Warner Cable has ordered its first shipment of Maxtor(R) QuickView Expander(TM) external hard drives and will begin offering external storage options to its digital video recorders (DVR) subscribers in select locations. The QuickView Expander drive was unveiled in late April 2004 as the industry's first external solution to increase storage capacity for cable DVRs.

The new offering emphasizes Maxtor's commitment to develop and market application-specific storage solutions for a variety of consumer electronic devices. The first version of the Maxtor QuickView Expander drive utilizes an external SATA connector and is designed to work in association with Scientific-Atlanta's Explorer(R) 8300(TM) series of DVR products. Additional versions of the QuickView Expander will also be offered to work with other DVR set top boxes produced by other manufacturers.

"Maxtor continues to develop and brand distinct consumer storage solutions for the digital entertainment market," said Greg Ireland, senior analyst, IDC. "Securing Time Warner Cable as a customer is an excellent endorsement that reflects DVR growth, increased consumer storage needs, and commitment from both Maxtor and Time Warner to make such a solution available to customers."

"Maxtor is at the forefront of the ever changing digital entertainment landscape," said Mike Cordano, executive vice president of worldwide sales and marketing at Maxtor. "With industry analysts forecasting that over 30 million homes will have DVRs by 2007, and adoption of high definition television on the rise, the demand for additional storage capacity will dramatically increase. With introductions such as the Maxtor QuickView Expander, DVR manufacturers and service providers now have the ideal solution in place to easily extend DVR storage capacity as well as add convenience to the process for their customers."

Maxtor will be present at Storage Visions in Las Vegas, NV, January 4-5, 2005, and CES in Las Vegas, NV, January 6-9, 2005, to show the QuickView Expander drive in addition to several new consumer storage solutions. Come visit us at the Las Vegas Convention Center at N222/221.

About Maxtor Corporation

Maxtor Corporation (www.maxtor.com) is one of the world's leading suppliers of hard disk drives for consumer, industrial and entertainment applications. The company has an expansive line of storage products for desktop computers, storage systems, high-performance 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 www.maxstore.com or by calling toll-free 800-2-MAXTOR. Maxtor is traded on the NYSE under the MXO symbol.

About Time Warner Cable

Time Warner Cable owns and manages cable systems serving 10.9 million subscribers in 27 states, which include some of the most technologically advanced, best-clustered cable systems in the country with more than 75% of the Company's customers in systems of 300,000 subscribers or more. Utilizing a fully upgraded advanced cable network and a steadfast commitment to providing consumers with choice, value and world-class customer service, Time Warner Cable is an industry leader in delivering advanced products and services such as video on demand, high definition television, digital video recorders, high-speed data, wireless home networking and Digital Phone. Time Warner Cable is a subsidiary of Time Warner Inc.

NOTE: Maxtor and the Maxtor stylized logo and QuickView are registered trademarks, and QuickView Expander is a trademark, of Maxtor Corporation.

For purposes of measuring disk drive storage capacity, a gigabyte (GB) means 1 billion bytes. Total accessible capacity varies depending on operating environment. The service provider must enable and continue the connection from the set top box for the QuickView Expander drive to operate.

This announcement relating to Maxtor may contain forward-looking statements concerning the distribution and sale of Maxtor products 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 successful execution of distribution and sales development programs, the development and implementation of new technologies, 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. 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.


Source: Maxtor Corporation

CONTACT: Karen Clyne of Maxtor Public Relations, +1-408-894-5958, or
karen_clyne@maxtor.com; or Keith Cocozza of Time Warner Cable,
+1-203-351-2039, or keith.cocozza@twcable.com; or Jenifer Kirtland of Maxtor
Investor Relations, +1-408-324-7056, or jenifer_kirtland@maxtor.com

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

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


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