May 21, 1997

Seagate Forgers Patent Cross-Licensing Agreements with Fujitsu and Micropolis

Seagate Technology, Inc. (NYSE:SEG), the world's largest independent supplier of disc drives and related components, today announced that it has signed separate cross-licensing agreements with Fujitsu and Micropolis, granting each company a license to certain existing and future patents held by one another.

The Micropolis agreement encompasses information handling systems primarily designed to compute, classify or process any form of information or intelligence for business, scientific or other purposes; and manufacturing equipment related to the fabrication of these systems.

The agreement with Fujitsu covers magnetic hard disc drives including fixed disc and cartridge type drives, magnetic hard disc drive subsystems, and magnetic tape drives and the components related to these products.

These newly formed pacts between Seagate and Fujitsu and Seagate and Micropolis join the existing portfolio of patent cross-license agreements with industry-leading disc drive and components suppliers including IBM, Quantum, Western Digital, Maxtor, NEC, Hitachi, Toshiba, Read-Rite and others.

"The intense competition of the disc drive industry allows a company two choices in relation to new technologies: it can license the knowledge it accumulates to other companies doing the same, or it can spend millions of dollars in litigation to keep its knowledge proprietary," said Alan Shugart, president and CEO of Seagate. "Proactive cross-licensing, Seagate's strategic choice, provides nothing less than freedom of action, which means a company can compete on attributes beyond proprietary technology ownership. Such action taken by companies in not only the disc drive market, but other markets where similar conditions exist, furthers scientific advancement, strengthens companies through healthy competition and ultimately benefits customers and technology consumers."

"Fujitsu is pleased to complete this cross-licensing agreement with Seagate," stated Isao Sanaka, general manager, Fujitsu Storage Products Group. "Both Seagate and Fujitsu are examples of companies that proactively cross-license disc drive technology to achieve the freedom to compete on our ability to deliver the products and service customers demand."

"This relationship is of great mutual benefit to both companies," said Dr. Joe Chen, president and CEO of Micropolis. "Both Seagate and Micropolis see cross-licensing as the intelligent way to do business, allowing energies to go towards development and manufacturing, not litigation and fee extraction from suppliers and competitors."

Fujitsu Limited, founded in 1935, is the world's second largest computer manufacturer and an international leader in telecommunications, semiconductors and other electronic devices. The Fujitsu group of over 400 technology, software, and service companies posted global revenues of more than $34 billion in the fiscal year ended March 31, 1996. Fujitsu's storage products group conducts hard disk research and development, production and marketing around the world.

Micropolis, founded in 1976, was purchased by Singapore Technologies, a technology-based conglomerate headquartered in Singapore, in March 1996. Micropolis (S) Pte Ltd is a leading designer and manufacturer of high performance disk drives with its R&D facilities in Chatsworth and Scotts Valley, California, manufacturing facilities in Singapore and Thailand, and sales offices throughout the world. Its products are sold to OEMs and system integrators and through distributors and VARs. Singapore Technologies has over $8 billion in assets and a workforce of 16,000 persons including more than 4,000 technical and engineering staff.

Seagate Technology, Inc. is a leading data technology company providing products for storing, managing and accessing digital information. Seagate develops and manufactures some of the industry's most advanced information technologies, including disc and tape storage devices, magnetic recording heads and media, precision motors, microelectronics, and data access and management software. With $9.0 billion in revenue, operations in 22 countries and 108,000 employees worldwide, the Scotts Valley, CA-based company is the world's largest manufacturer of disc drives and related components and one of the globe's largest industrial corporations. Seagate's home page address on the World Wide Web is http://www.seagate.com.

###

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