Jan 27, 2003

Top Cat In Disc Drives: Seagate Ships 30 Million Cheetahs

Seagate Technology (NYSE: STX) today announced the milestone shipment of its 30 millionth Cheetah disc drive, confirming its position as the most popular and widely-adopted Enterprise disc drive in the world. With the highest levels of reliability, the widest range of capacities, and the fastest I/O performance options, Seagate Cheetah disc drives are the de facto industry-standard for Enterprise applications, as well as the choice for IT managers focused on lowering the total cost of ownership (TCO) of their storage systems.

"In the competitive enterprise marketplace, server information availability is at the top of the list and with 24 x 7 demands being placed on these systems, the choice of drive cannot be a point of compromise," said Dave Reinsel, senior research manager at IDC. "Seagate understands the stringent requirements associated with this market and successfully designs and manufactures its Cheetah drives to excel in the most demanding environments."

"The formula for the success of the Seagate Cheetah family can largely be attributed to our focus and commitment to fulfilling the needs of our customers," said Brian Dexheimer, Seagate executive vice president, Sales, Marketing and Customer Service. "This includes close collaboration with the top OEMs on system design and drive requirements, and tightly aligning our operations and processes with those of our global customer base."

Seagate Cheetah disc drives can be found in a variety of network storage, server storage and high-density storage markets. Available in 10K and 15K rpm speeds, with capacities ranging from 18 to 147 gigabytes, Cheetahs are ideal for applications ranging from data warehousing, high performance computing, OLTP, data streaming, database and decision support.

For more information about Seagate and its enterprise class products, visit www.seagate.com.

About Seagate
Seagate is the worldwide leader in the design, manufacturing and marketing of hard disc drives for Enterprise, PC and Consumer Electronics applications. The Company is committed to 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

Seagate, Seagate Technology, the Seagate logo, and Cheetah are registered trademarks of Seagate Technology LLC., Seagate reserves the right to change, without notice, product offerings or specifications.

This news release contains certain forward-looking statements related to product offerings, product acceptance and product reliability. Those statements are subject to a number of risks and uncertainties, which cannot be accurately predicted. The ultimate correctness of these forward-looking statements is dependent upon a number of known and unknown risks and events, and is subject to various uncertainties and other factors that may cause our actual results, performance or achievements to be different from any future results, performance or achievements expressed or implied by these statements. For a list and description of various risks, relevant factors and uncertainties that could cause future results or events to differ materially from those expressed or implied in our forward-looking statements, see our Prospectus dated December 10, 2002 and our other securities filings. Seagate disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.