Need help interpreting SMART error

What does this error mean? I can still read all the drive using dd without errors. Do I need new drive? What are recommendations for quiet desktop SATA-150 3.5in drives? Do we have anything better by now?

smartctl version 5.38 [i586-mandriva-linux-gnu] Copyright (C) 2002-8 Bruce Allen
Model Family:     Maxtor DiamondMax Plus 9 family
Device Model:     Maxtor 6Y120M0
Serial Number:    Y3LH----
Firmware Version: YAR51EW0
User Capacity:    122 942 324 736 bytes
Device is:        In smartctl database [for details use: -P show]
ATA Version is:   7
ATA Standard is:  ATA/ATAPI-7 T13 1532D revision 0
LVL 62
Who is Participating?
I wear a lot of hats...

"The solutions and answers provided on Experts Exchange have been extremely helpful to me over the last few years. I wear a lot of hats - Developer, Database Administrator, Help Desk, etc., so I know a lot of things but not a lot about one thing. Experts Exchange gives me answers from people who do know a lot about one thing, in a easy to use platform." -Todd S.

Experts Exchange Solution brought to you by

Your issues matter to us.

Facing a tech roadblock? Get the help and guidance you need from experienced professionals who care. Ask your question anytime, anywhere, with no hassle.

Start your 7-day free trial
gheistAuthor Commented:
Actual lowlevel diagnostic tool was called SeaTools for DOS.
All the diagnostics went fine but damage attributes grown. So I did disk mage to usb disk and going to purchase new drive right now.
It's more than this solution.Get answers and train to solve all your tech problems - anytime, anywhere.Try it for free Edge Out The Competitionfor your dream job with proven skills and certifications.Get started today Stand Outas the employee with proven skills.Start learning today for free Move Your Career Forwardwith certification training in the latest technologies.Start your trial today
System Utilities

From novice to tech pro — start learning today.