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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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Dec. 30, Dec. 31, Dec. 30, Dec. 31,
1994 1993 1994 1993
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PRIMARY
Weighted average number of common
shares outstanding during the period 72,235 70,323 72,504 69,577
Incremental common shares attributable
to exercise of outstanding options
(assuming proceeds would be used to
purchase treasury stock) 1,883 2,505 2,007 2,480
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Total shares 74,118 72,828 74,511 72,057
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Net Income:
Amount $ 79,269 $ 42,742 $ 101,806 $ 78,810
Per share $ 1.07 $ 0.59 $ 1.37 $ 1.09
FULLY DILUTED
Weighted average number of common
shares outstanding during the period 72,235 70,323 72,504 69,577
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 18,477 10,910 18,604 10,209
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Total shares 90,712 81,233 91,108 79,786
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Net Income:
Amount $ 79,269 $ 42,742 $ 101,806 $ 78,810
Add 6-3/4% convertible subordinated
debentures interest, net of income tax
effect 2,810 2,810 5,620 5,620
Add 5% convertible subordinated
debentures interest, net of income
tax effect 2,112 368 4,224 368
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Total $ 84,191 $ 45,920 $ 111,650 $ 84,798
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Per share $ 0.93 $ 0.57 $ 1.23 $ 1.06
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