Maxtor to buy disk-drive unit from Quantum

Article Abstract:

Maxtor Corp. has agreed to buy the disk drive business from Quantum Corp. for $1.1 billion in stock. This transacton marks a revival for Maxtor Corp. whose business suffered in the early 1990s. CEO of Maxtor, Michael Cannon, will be the future chief executive officer of the combined companies.

Semiconductors and related devices, Semiconductor and Related Device Manufacturing, Semiconductor Memories, Computer memory, Quantum Corp., Maxtor Corp., MXTR

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Palm agrees to buy Extended Systems to widen its reach

Article Abstract:

Palm Inc., in an effort to reach corporate customers, will buy Extended Systems Inc. The deal, which is still subject to stockholder and regulatory approval, gives Extended's stockholders Palm shares valued at $22 per share. The deal is worth an estimated $264 million.

Electronic computers, Computers, Electronic Computer Manufacturing, Palm Inc., PALM, Extended Systems Inc.

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Hewlett lobbies for its encryption plan that would satisfy tough export rules

Article Abstract:

HP is lobbying the federal government to adopt a unique hardware-based encryption scheme that would allow it to export encryption technology to foreign customers. The federal government currently has strict rules prohibiting the exporting of encryption technology because it fears that terrorists and criminals will use the technology to evade law-enforcement and intelligence agencies' investigations. Technology companies contend that encryption technology is essential for producing securing electronic commerce systems. The HP plan would include two hardware components. The first component is a microprocessor-based encryption engine that would be added to all PCs. The encryption engines would be useless without an additional policy card, which would contain the encryption codes. The government could regulate what level of encryption code went to whom. This would allow PC makers to export the machines without receiving special export licenses.

Planning, Product development, Product information, Equipment and supplies, Encryption, Data encryption, Hewlett-Packard Co., HWP, Data security, Company product planning, Data security devices, Data security device, Company Business And Marketing

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