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Disk-drive makers spin out strong profits

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On October 22, 2003, 11:34 AM

Disk-drive makers Maxtor and Seagate Technology beat analysts' earnings expectations Tuesday, another sign of good times for the industry.

Maxtor reported earnings per share, excluding charges, of 20 cents and revenue of $1.07 billion for the quarter ended Sept. 27. Analysts on average were expecting earnings of 17 cents per share, excluding charges, and revenue of $991 million, according to research firm First Call.

Read more: [URL=http://news.com.com/2100-1015-5094672.html?tag=cd_top]CNet News[/URL].

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