EXHIBIT 11.1
SEAGATE TECHNOLOGY, INC.
COMPUTATION OF NET INCOME (LOSS) PER SHARE
(In thousands except per share data)
Three Months Ended Nine Months Ended
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Mar. 28, Mar. 29, Mar. 28, Mar. 29,
1997 1996 1997 1996
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PRIMARY
Weighted average number of common
shares outstanding during the period 246,528 200,824 228,881 195,666
Incremental common shares attributable
to exercise of outstanding options
(assuming proceeds would be used to
purchase treasury stock) 8,770 - 7,439 6,994
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Total shares 255,298 200,824 236,320 202,660
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Net income (loss):
Amount $256,750 $(157,478) $598,711 $112,246
Per share $ 1.01 $ (0.78) $2.53 $ 0.55
FULLY DILUTED
Weighted average number of common
shares outstanding during the period 246,528 200,824 228,881 195,666
Incremental common shares attributable
to exercise of outstanding options
(assuming proceeds would be used to
purchase treasury stock) and conversion
of convertible subordinated debentures 8,776 - 31,974 27,856
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Total shares 255,304 200,824 260,855 223,522
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Net income (loss):
Amount $256,750 $(157,478) $598,711 $112,246
Add 5% convertible subordinated
debentures interest, net of income
tax effect - - 4,376 6,171
Add 6-1/2% convertible subordinated
debentures interest, net of income tax
effect - - 6,465 -
Add 6-3/4% convertible subordinated
debentures interest, net of income tax
effect - - 5,663 -
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Total $256,750 $(157,478) $615,215 $118,417
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Per share $ 1.01 $ (0.78) $2.36 $ 0.53
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