MiniScribe Sells Assets: MiniScribe Corp., a Longmont,...
From Times Staff and Wire Reports
MiniScribe Sells Assets: MiniScribe Corp., a Longmont, Colo., maker of data storage devices, said it agreed to sell its operating assets to Maxtor Corp. of San Jose for $46 million. MiniScribe, which filed for Chapter 11 bankruptcy protection Jan. 1, said the sale was necessary because of damages it faces from lawsuits resulting from fraud that occurred under the company’s previous management.
