MILPITAS, CA and FREMONT, CA – March 24, 2004 – Maxtor Corporation (NYSE: MXO), a worldwide leader in hard disk drives and consumer storage products, and SYNNEX Corporation (NYSE: SNX), a global IT supply chain services company, announced today that they have entered into a distribution agreement whereby SYNNEX will market and sell Maxtor’s full line of award-winning DiamondMax®, MaXLine™ and Atlas® drives, and Maxtor OneTouch™ external drives. SYNNEX will distribute Maxtor’s products to a broad base of value-added resellers, system integrators and original equipment manufacturers (OEMs) throughout the United States and Canada.

“We welcome SYNNEX to our family of distribution partners. We are excited about the opportunities this relationship will provide,” said John Vossoughi, Vice President of Pan American Sales for Maxtor. “Our distribution partnerships continue to play a key role in supporting the needs of both traditional and emerging opportunities for storage. SYNNEX has growing direct sales capabilities to regional OEMs and vertical integrators, which will help Maxtor achieve its goal of touching more customers in more markets, more often.”

“We’re pleased to be partnering with a company whose technical expertise, customer support and commitment to the channel are high priorities,” said Steve Ichinaga, Senior Vice President of Systems Integration at SYNNEX Corporation. “Maxtor is a leading brand in the market for high-performance and high-capacity hard disk drives. We look forward to working together to leverage each other’s strengths and provide the latest storage and IT computing solutions to our customers.”

Maxtor offers a range of hard drives and storage solutions to meet a variety of customer needs from high-end servers to entry-level desktop PCs to consumer electronics applications. The company’s product portfolio features Atlas SCSI drives for enterprise applications; MaXLine premium ATA and SATA drives for mid-line and near-line secondary storage enterprise applications; DiamondMax drives for desktop PCs, consumer electronics, or emerging market applications; and Maxtor OneTouch external drives for easy push button backup.

About The Maxtor VIP Partner Program
The Maxtor VIP Partner Program is a global partner program designed to help resellers, systems integrators and retailers of Maxtor products better support their customers. Maxtor VIP Partners receive advance new product information and news, priority technical support, special promotions, and a secured private Web site containing sales and marketing tools, including downloadable logos, images, marketing copy and bullet points. Members may also qualify for the VIP Council that advises Maxtor on programs and products. Visit www.maxtorvip.com for more information.

About Maxtor
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 SYNNEX
Founded in 1980, SYNNEX Corporation is a global IT supply chain services company offering a comprehensive range of services to original equipment manufacturers, software publishers and reseller customers worldwide. SYNNEX offers product distribution, related logistics services and contract assembly and works with the leading industry suppliers of IT systems, peripherals, system components, software and networking equipment. Additional information about SYNNEX may be found online at www.synnex.com.

This announcement relating to Maxtor may contain forward-looking statements concerning future technology, products incorporating that technology, 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, responsiveness of the market to marketing programs, integration of the company’s products with products produced by others, 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.

Statements in this release that are forward looking involve known and unknown risks and uncertainties, which may cause the SYNNEX’ or Maxtor’s actual results in future periods to be materially different from any future performance that may be suggested in this release. Neither SYNNEX, nor Maxtor assumes no obligation to update any forward-looking statements contained in this release.

Note: Maxtor, DiamondMax and Atlas are registered trademarks, and MaXLine and Maxtor OneTouch are trademarks of Maxtor Corporation. SYNNEX and the SYNNEX logo are trademarks of SYNNEX Corporation or its subsidiaries and should be treated as such. All rights are respectively reserved.