Apr 03, 2006

Seagate and Cornice Reach Settlement of their Pending Patent Lawsuits

SCOTTS VALLEY, Calif. - Seagate Technology (NYSE:STX), the world's leading supplier of hard drives, and Cornice today announced that they have reached a settlement of their pending patent lawsuits.

For due consideration, Seagate Technology LLC and Cornice, Inc., have dismissed the Delaware litigation between them and agreed not to sue each other for patent infringement through the end of 2007.

About Cornice
Cornice Inc. is the leading innovator in consumer storage solutions that enable a new generation of pocket-able consumer electronic devices for the world's foremost brand-name manufacturers. The one-inch Cornice storage solutions are durable, integrated personal storage that brings new levels of ruggedness and content capacity to these devices. Cornice storage is built into a wide variety of consumer products, including mobile phones, MP3 players, personal video recorders, GPS devices and portable storage products. Cornice customers consist of the world's leading consumer electronics manufacturers. Privately held, Cornice is headquartered in Longmont, Colorado, with integration centers in Europe, Hong Kong, Japan, Korea and Taiwan. Visit Cornice at http://www.corniceco.com/.

About Seagate
Seagate is the worldwide leader in the design, manufacture and marketing of hard disc drives, providing products for a wide-range of Enterprise, Desktop, Mobile Computing, and Consumer Electronics applications. Seagate's business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, and to be the low cost producer in all markets in which it participates. The company is committed to providing 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.