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EXHIBIT 11.1
SEAGATE TECHNOLOGY, INC.
COMPUTATION OF NET INCOME PER SHARE
(In thousands except per share data)
Three Months Ended Six Months Ended
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December 31, January 1, December 31, January 1,
1993 1993 1993 1993
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PRIMARY
Weighted average number of common
shares outstanding during the period 70,323 66,835 69,577 66,974
Incremental common shares attributable
to exercise of outstanding options
(assuming proceeds would be used
to purchase treasury stock) 2,505 2,856 2,480 2,579
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Total shares 72,828 69,691 72,057 69,553
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Net Income:
Amount $ 42,742 $ 63,272 $ 78,810 $ 122,902
Per share $ 0.59 $ 0.91 $ 1.09 $ 1.77
FULLY DILUTED
Weighted average number of common
shares outstanding during the periods 70,323 66,835 69,577 66,974
Incremental common shares attributable
to exercise of outstanding options
(assuming proceeds would be used to
purchase treasury stock) and conversion
of 6-3/4% and 5% convertible
subordinated debentures 10,910 9,587 10,209 9,084
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Total shares 81,233 76,422 79,786 76,058
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Net Income:
Amount $ 42,742 $ 63,272 $ 78,810 $ 122,902
Add 6-3/4% convertible subordinated
debentures interest, net of income
tax effect 2,810 2,850 5,620 5,719
Add 5% convertible subordinated
debentures interest, net of income
tax effect 368 -- 368 --
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Total $ 45,920 $ 66,122 $ 84,798 $ 128,621
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Per share $ 0.57 $ 0.87 $ 1.06 $ 1.69
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