Editing Maxtor (section)

=== Financial troubles ===
After nine years of development, the original XT-series of drives had achieved a capacity of 1&nbsp;GB. Maxtor sold the rights to the series to Sequel of [[Santa Clara, California]] in the mid-1990s, and the company exited the server drive market. Sequel, a spin-off of [[Unisys]], was not a disk drive manufacturer; rather, they specialized in refurbishing drives for the existing customer base. Teetering on the brink of bankruptcy in 1992, Maxtor's exit from the high-capacity 5.25-inch SCSI market temporarily left a product void in the industry. Around this time, [[SCSI]] versions of the 7000 series drives were also discontinued, and all engineering operations in San Jose were shut down in late 1993, leaving only the former MiniScribe design engineering staff. After turnover in the executive staff, Maxtor decided it had made a mistake, and when Maxtor moved its headquarters to [[Milpitas, California]], it gradually began to rebuild its engineering staff.