EXHIBIT 11.1
SEAGATE TECHNOLOGY, INC.
COMPUTATION OF NET INCOME PER SHARE
(In thousands except per share data)
Three Months Ended
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September 27, September 29,
1996 1995
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PRIMARY
Weighted average number of common
shares outstanding during the period 106,864 96,078
Incremental common shares attributable
to exercise of outstanding options
(assuming proceeds would be used to
purchase treasury stock) 2,834 2,984
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Total shares 109,698 99,062
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Net income:
Amount $129,361 $120,809
Per share $ 1.18 $ 1.22
FULLY DILUTED
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Weighted average number of common
shares outstanding during the period 106,864 96,078
Incremental common shares attributable
to exercise of outstanding options
(assuming proceeds would be used to
purchase treasury stock) and conversion
of convertible subordinated debentures 22,469 28,696
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Total shares 129,333 124,774
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Net income:
Amount $129,361 $120,809
Add 6-3/4% convertible subordinated
debentures interest, net of income tax
effect - 2,736
Add 5% convertible subordinated
debentures interest, net of income
tax effect 2,057 2,057
Add 6-1/2% convertible subordinated
debentures interest, net of income tax
effect 3,054 2,967
Add 6-3/4% convertible subordinated
debentures interest, net of income tax
effect 2,145 2,085
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Total $136,617 $130,654
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Per share $ 1.06 $ 1.05
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