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. 27, Dec. 29, Dec. 27, Dec. 29,
1996 1995 1996 1995
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PRIMARY
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Weighted average number of common
shares outstanding during the period 226,388 194,016 220,058 193,086
Incremental common shares attributable
to exercise of outstanding options
(assuming proceeds would be used to
purchase treasury stock) 7,878 6,916 6,773 6,442
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Total shares 234,266 200,932 226,831 199,528
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Net income:
Amount $212,600 $148,915 $341,961 $269,724
Per share $0.91 $0.74 $1.51 $1.35
FULLY DILUTED
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Weighted average number of common
shares outstanding during the period 226,388 194,016 220,058 193,086
Incremental common shares attributable
to exercise of outstanding options
(assuming proceeds would be used to
purchase treasury stock) and conversion
of convertible subordinated debentures 37,914 58,106 42,877 57,748
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Total shares 264,302 252,122 262,935 250,834
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Net income:
Amount $212,600 $148,915 $341,961 $269,724
Add 6-3/4% convertible subordinated
debentures interest, net of income tax effect - 2,734 - 5,470
Add 5% convertible subordinated debentures
interest, net of income tax effect 2,319 2,057 4,376 4,114
Add 6-1/2% convertible subordinated
debentures interest, net of income tax effect 2,826 2,967 6,465 5,934
Add 6-3/4% convertible subordinated
debentures interest, net of income tax effect 3,110 2,085 5,663 4,170
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Total $220,855 $158,758 $358,465 $289,412
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Per share $0.84 $0.63 $1.36 $1.15
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