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. 29, Dec. 30, Dec. 29, Dec. 30,
1995 1994 1995 1994
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PRIMARY
Weighted average number of common
shares outstanding during the period 73,010 72,235 72,742 72,504
Incremental common shares attributable
to exercise of outstanding options
(assuming proceeds would be used to
purchase treasury stock) 2,645 1,883 2,630 2,007
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Total shares 75,655 74,118 75,372 74,511
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Net Income:
Amount $ 127,717 $ 79,269 $ 235,763 $ 101,806
Per share $ 1.69 $ 1.07 $ 3.13 $ 1.37
FULLY DILUTED
Weighted average number of common
shares outstanding during the period 73,010 72,235 72,742 72,504
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 19,239 18,477 19,314 18,604
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Total shares 92,249 90,712 92,056 91,108
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Net Income:
Amount $ 127,717 $ 79,269 $ 235,763 $ 101,806
Add 6-3/4% convertible subordinated
debentures interest, net of income tax
effect 2,734 2,810 5,470 5,620
Add 5% convertible subordinated
debentures interest, net of income
tax effect 2,057 2,112 4,113 4,224
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Total $ 132,508 $ 84,191 $ 245,346 $ 111,650
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Per share $ 1.44 $ 0.93 $ 2.67 $ 1.23
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21
SEAGATE TECHNOLOGY, INC.
INDEX TO EXHIBITS
EXHIBIT
NUMBER
_______
11.1 Computation of Net Income per Share (see page 21)
27 Financial Data Schedule
22