Jan 26, 2000
Stephen Luczo, Seagate's president and CEO, stated "We maintain the position that Seagate had meritorious defenses to Rodime's claim. However, given the uncertainty associated with leaving such a technically complex matter in the hands of a jury with no expertise in disc drive technology, Seagate has compromised this claim to mitigate this uncertainty."
A charge associated with this settlement will be reflected in Seagate's Form 10-Q for the quarter ended December 31, 1999.
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