Exhibit 99.1

For Immediate Release

  Seagate Completes Sale of Network
  and Storage Management Software
  Group to Veritas Software

  Deal Provides Seagate With 34.6 Million Shares Of
  VERITAS Software Stock Valued at $3.1 Billion

  SCOTTS VALLEY, Calif., June 1 /PRNewswire/ -- Seagate
  Technology, Inc. (NYSE: SEG) today announced that the
  Company has completed the sale of the Network and Storage
  Management Group (NSMG), a portion of their Seagate
  Software subsidiary, to VERITAS Software (Nasdaq: VRTS -
  news ). VERITAS Software and Seagate Software NSMG will
  merge in a tax-free transaction to be accounted for under
  purchase accounting. Seagate Technology will receive
  approximately 34.6 million shares of VERITAS Software for
  Seagate Software's NSMG "business." Based on the closing
  stock price of VERITAS Software on May 28, 1999, the value
  of the shares to be received by Seagate Technology is
  approximately $3.1 billion. Seagate retains ownership of its
  remaining Seagate Software subsidiary, which will continue to
  provide innovative software solutions focused on the growing
  business intelligence market.

  "The VERITAS Software transaction increases Seagate's
  shareholder value in two distinct ways," said Seagate
  president and chief executive officer, Steve Luczo. "First, we
  further strengthened our balance sheet and shareholders'
  equity with the addition of VERITAS Software stock to our
  asset base. Second, the merger solidifies the strategic
  relationship we have with VERITAS Software, a key player in
  our vision for current and future Storage Networking platforms
  and technologies. With VERITAS Software as a strategic
  technology development partner, along with Gadzoox
  Networks, Dragon Systems, SanDisk, CVC and
  iCompression, we are well positioned to execute on our
  business strategy."

  Seagate Software remains focused on the burgeoning
  Business Intelligence market, which is estimated to grow from
  $1.6 billion to $6.2 billion by the year 2002, according to
  leading industry analysts at Gartner Group. Seagate Software
  offers a comprehensive suite of business intelligence tools
  designed to help organizations access, analyze, report and
  share vital data stored in data warehouses and ERP systems,
  in order to make better business decisions. With over 900

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  employees residing in 32 offices worldwide, Seagate
  Software is headquartered in Scotts Valley, California, and
  headed by Greg Kerfoot, president and chief operating
  officer. Seagate Software has had a long and successful
  history in developing partnerships, and expects to retain a
  strong technological relationship with VERITAS Software
  going forward.

  The merger of Seagate Software NSMG with VERITAS
  Software received the approval of both VERITAS Software's
  and Seagate Software's shareholders at their respective
  shareholder meetings. Terry Cunningham, the previous
  president and chief operating officer of Seagate Software, is
  now president and chief operating officer, VERITAS Software.
  VERITAS Software's board of directors has been expanded
  from its previous seven directors to include Terry Cunningham
  and two directors appointed by Seagate Technology. These
  directors are Steve Luczo and Greg Kerfoot.

  Seagate Technology, Inc. is a leading provider of technology
  and products enabling people to store, access, and manage
  information. The Company is committed to providing
  best-in-class products to help people get information when,
  where and how they want it. Seagate is the world's largest
  manufacturer of disc drives, magnetic discs and read-write
  heads, and an innovator in tape drives and software. Seagate
  can be found around the globe and at
  http://www.seagate.com.

  Seagate Software, a subsidiary of Seagate Technology, Inc.,
  develops integrated business intelligence applications which
  include the award-winning Seagate Crystal Reports, Seagate
  Holos, Seagate Info. Seagate Software can be found on the
  Web at http://www.seagatesoftware.com.

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  The "S" logo and Seagate Technology are registered
  trademarks of Seagate Technology, Inc. Seagate Software,
  Seagate Crystal Reports, Seagate Holos and Seagate Info
  are either a registered trademark or trademark of Seagate
  Software, Inc. Seagate is a registered trademark of both
  Seagate Technology and Seagate Software. All other
  trademarks or registered trademarks are the property of their
  respective owners.

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