Exhibit 12.1
Seagate Technology Hard Drive Business, a Division of
Seagate Technology, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in Millions)
Predecessor
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Six Period from Period from
Months July 1, November 23,
Ended to to
June 30 July 2 July 3, June 27 June December 31, November 22, December 29,
2000 1999 1998 1997 1996 1999 - 2000 2000
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Earnings:
Income (loss)
before income taxes $ 641 $ 266 $ (708) $ 905 $ 377 $ 268 $ (949) $ (119)
Add back fixed charges:
Interest Expense 52 49 51 35 56 26 23 10
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Adjusted Earnings $ 693 $ 315 $ (657) $ 940 $ 433 $ 294 $ (926) $ (109)
Total Fixed Charges 52 49 51 35 $ 56 $ 26 $ 23 $ 10
Ratio of Earnings to
Fixed Charges 13.3x 6.4x 26.9x 7.7x 11.3x
Deficiency of Earnings
to Fixed Charges 708 $ -- $ 949 $ 119
Seagate Technology Inc.
Computation of Ratio of Earnings to Fixed Charges
(in Millions)
Seagate Technology New SAC
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Six Period from Period from
Months July 1, November 23,
Fiscal Year (a) Ended to to
December 31, November 22, December 29,
1996 1997 1998 1999 2000 1999 2000 2000
---- ---- ---- ---- ---- ------------------------------- -------------
Earnings:
Income (loss)
before income taxes $ 331 $ 891 $ (704) $ 1,873 $ 609 $ 13 $ (1,640) $ (132)
Add back fixed charges:
Interest Expense 56 35 51 48 52 26 24 10
---------------------------------------------------------- ------- -------- --------
Adjusted Earnings $ 387 $ 926 $ (653) $ 1,921 $ 661 $ 39 $ (1,616) $ (122)
Total Fixed Charges $ 56 $ 35 $ 51 $ 48 $ 52 $ 26 $ 24 $ 10
Ratio of Earnings
to Fixed Charges 6.9x 26.5x 40.0x 12.7x 1.5x
Deficiency of Earnings
to Fixed Charges $ 704 $ -- $ 1,640 $ 132