EXHIBIT 11.1
SEAGATE TECHNOLOGY, INC.
COMPUTATION OF NET INCOME PER SHARE
(In thousands except per share data)
Three Months Ended Nine Months Ended
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March 29, March 31, March 29, March 31,
1996 1995 1996 1995
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PRIMARY
Weighted average number of common
shares outstanding during the period 100,412 94,198 97,833 95,277
Incremental common shares attributable
to exercise of outstanding options
(assuming proceeds would be used to
purchase treasury stock) - 2,238 3,497 2,181
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Total shares 100,412 96,436 101,330 97,458
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Net income (loss):
Amount before extraordinary gain $(157,478) $ 83,083 $112,246 $199,801
Amount (157,478) 83,083 112,246 205,972
Per share before extraordinary gain $ (1.57) $ 0.86 $ 1.11 $2.05
Per share (1.57) 0.86 1.11 2.11
FULLY DILUTED
Weighted average number of common
shares outstanding during the period 100,412 94,198 97,833 95,277
Incremental common shares attributable
to exercise of outstanding options
(assuming proceeds would be used to
purchase treasury stock) and conversion
of 6-3/4%, 6-1/2% and 5% convertible
subordinated debentures - 28,204 13,928 24,886
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Total shares 100,412 122,402 111,761 120,163
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Net income (loss):
Amount $(157,478) $ 83,083 $112,246 $205,972
Add 6-3/4% convertible subordinated
debentures interest, net of income tax
effect - 2,810 - 8,429
Add 5% convertible subordinated
debentures interest, net of income
tax effect - 2,112 6,171 6,336
Add 6-1/2% convertible subordinated
debentures interest, net of income tax
effect - 2,967 - 4,170
Add 6-3/4% convertible subordinated
debentures interest, net of income tax
effect - 2,085 - 5,934
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Total $(157,478) $ 93,057 $118,417 $230,841
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Per share before extraordinary gain $ (1.57) $ 0.76 $ 1.06 $1.87
Per share (1.57) 0.76 1.06 1.92
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