Jul 10, 2002

Seagate Earns Solectron's Preferred Supplier Award

SINGAPORE - Seagate Technology, the world's leading supplier of hard disc drives, announced today that it has been selected for the Preferred Supplier Award from Solectron Corporation, a leading provider of electronics manufacturing and supply-chain management services. Other winners of this honor include Cypress Semiconductor, Daeduck, Micron, Mitsubishi Electronics, ON Semiconductor and Texas Instruments.

Winners are selected because they provided Solectron and its customers with a competitive advantage through consistently high performance in their respective product categories. All winners participate in Solectron's global supplier performance management program, which includes an objective, data-driven evaluation against such criteria as price competitiveness, delivery, quality, supply-chain integration and technology. Award-winning companies must score more than 85 points out of a 100-point scale on Solectron's supplier scorecard over two consecutive quarters.

"We are pleased to honor Seagate with our Preferred Supplier Award," said Eddie Maxie, Solectron's vice president of Global Supply-Base Management. "Seagate has consistently demonstrated their commitment to deliver outstanding support to Solectron and our customers. We are happy to recognize them as a part of our global supplier performance management program."

"We firmly believe in the idea that a commitment to customer success leads to our success," said Joel Stead, Seagate senior vice president of Worldwide Sales and Marketing. "That is why we provide maximum leverage to our customers through value-added products, services and support. We consider this award another great achievement for Seagate and indicative of our drive to be the world's disc drive Supplier of Choice."

Seagate is the world's leading provider of storage technology for Internet, business and consumer applications. The Company's products include disc drives for the Enterprise, PCs and Consumer Electronics, as well as Storage Area Network (SAN) solutions. Seagate's market leadership is based on delivering award-winning products, customer support and reliability to meet the world's growing demand for information storage. Seagate can be found around the globe and at www.seagate.com.