Sep 06, 2000

Seagate's Steve Luczo Named to e2Open Board of Directors

SCOTTS VALLEY, Calif. - Seagate Technology, LLC (NYSE: SEG), a leading provider of Internet storage products and technology, today announced that CEO Steve Luczo has been appointed to the e2open board of directors. Luczo joins executives from Acer, Crosspoint Venture Partners, Hitachi, IBM, LG Electronics, Lucent, Morgan Stanley Dean Witter, Nortel and Solectron on the Board of the eMarketplace created in June of this year.

Formed by industry-leading technology companies, e2open is the leading eMarketplace for design, supply chain, manufacturing and procurement collaboration. e2open is a key component of Seagate's eBusiness strategy to continue evolving and improving its business processes by utilizing the power of the Internet.

"We're thrilled Steve has agreed to join our board," said John Mumford, chairman of e2open's board of directors. "Under Steve's leadership, Seagate helped found e2open, as well as embrace the eBusiness and eMarketplace collaboration philosophy. We look forward to his unique experience and perspective, and welcome him to our Board."

Luczo is the second member of Seagate's senior staff to join the e2open team. Lam Truong, Seagate's senior vice president of eBusiness, launched the Company's eBusiness initiatives and now chairs the e2open Technical Advisory Council.

In addition to his role as Seagate CEO, Luczo is also chairman of Seagate Software and serves on the board of directors for several other high tech companies, including Veritas Software and Cobalt Networks. He is also a member of the Stanford Graduate School of Business Advisory Board, Sharks Foundation Board, Executive Committee for the Bay Area Council and is on the Board of Trustees for the Boys and Girls Club of America.

About e2open
e2open is the leading collaborative eMarketplace for the electronics industry with a focus on enabling the effective collaboration for design, supply chain, manufacturing, procurement and end-of-life management for high technology products. e2open was formed by industry leaders such as Acer, Hitachi, IBM, LG Electronics, Lucent Technologies, Matsushita Electronics (Panasonic), Nortel Networks, Seagate Technology, Solectron and Toshiba, as well as the prominent venture capital firms Crosspoint Venture Partners and Morgan Stanley Dean Witter, to develop an exchange for the electronics industry based upon industry standards. e2open's basic services are open for use by any person or business; access to certain services may require the execution of a membership agreement. To find out more about e2open and explore career opportunities, please visit our website at http://www.e2open.com.

About Seagate
Seagate (NYSE:SEG) is a leading provider of the Internet Infrastructure 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, an innovator in tape drives, Storage Area Network (SAN) solutions and a leading developer of Business Intelligence software. Seagate can be found around the globe and at http://www.seagate.com. For automated news, stock and financial information by phone, dial toll-free 877-SEG-NYSE. Outside the U.S. and Canada, dial 760-704-4368.

Seagate and Seagate Technology are registered trademarks of Seagate Technology, LLC. All trademarks or registered trademarks are the property of their respective owners.