SEAGATE ANNOUNCES FIRST QUARTER 2001 RESULTS
SEAGATE ANNOUNCES FIRST QUARTER 2001 RESULTS SCOTTS VALLEY, California - October 10, 2000 - Seagate Technology (NYSE:SEG) today reported revenue of $1.748 billion, pro forma net income of $62 million and pro forma diluted net income per share of $0.26 for its quarter ended September 29, 2000. For the same period, on a GAAP basis, Seagate reported net income of $75 million and diluted net income per share of $0.31. The primary items included in GAAP net income but excluded from pro forma results were gains on sales of certain investments in equity securities including SanDisk Corporation and