Exhibit 1Worldwide Hard Disk Drive Industry Historical Performance and Projections, 1991-2003E

Total Sales (000s of

units)
Y/Y % Change

1991

1992

1993

1994

1995

1996

1997

33.1

38.4

51.8

69

90

106.8

129.3

16.00%

34.90%

33.20%

30.40%

18.70%

21.00%

$26,200

$21,730

$22,966

$22,991

$27,596

$27,340

7.80%

-17.10%

5.70%

0.10%

20.00%

-0.90%

Total Revenues (millions $24,300

of $)
Y/Y % Change
Source:

Computer Industry Abstracts (various issues) and Disk Drive Quarterly Report (June 1999) by Salomon Smith Barney.

1998

1999

2000E

2001E

2002E

2003E

143.6

165.9

187.8

212.5

238.1

268.2

11.10%

15.50%

13.20%

13.10%

12.10%

12.60%

$25,483

$25,273

$26,640

$28,409

$30,450

$32,699

-6.80%

-0.80%

5.40%

6.60%

7.20%

7.40%

9) by Salomon Smith Barney.

Exhibit 2Historical Operating Performance and Capitalization Ratios for Seagate Technology and U.S. Disk Drive Industry (1981 to 1999)
1981

1982

1983

1984

1985

1986

1987

Seagate

Sales

9.79

% Growth

40.45

110.41

343.9

214.65

459.84

958.07

313.20%

173.00%

211.50%

-37.60%

114.20%

108.30%

EBITDA

0.87

10.7

18.82

63.51

0.07

58.34

208.24

% Sales

8.90%

26.50%

17.00%

18.50%

0.00%

12.70%

21.70%

EBIT

0.65

9.89

16.16

55.72

-12.01

39.18

180.63

6.60%

24.40%

14.60%

16.20%

-5.60%

8.50%

18.90%

Assets

9.47

43.47

157.25

214.72

275.23

305.08

814.12

Depreciation & Amortization

0.22

0.81

2.65

7.8

12.08

19.17

27.6

CAPX

2.45

5.04

38.83

42.66

31.22

38.68

78.4

Debt/Book Assets

19%

1%

5%

5%

13%

5%

37%

NA

0%

1%

2%

9%

2%

14%

(Debt-Cash)/Book Assets
(Debt-Cash)/Market Assets

18%
NA

-27%
-6%

-10%
-2%

-2%
-1%

11%
7%

-10%
-5%

-11%
-4%

EBITDA Interest Coverage

10.12

57.84

47.05

73.51

0.04

20.26

41.01

7.56

53.46

40.4

64.49

-6.84

13.61

35.57

EBITDA as % of Sales

8.90%

6.20%

7.30%

0.70%

-4.40%

8.60%

7.80%

EBIT as % of Sales

5.40%

3.20%

3.40%

-3.50%

-10.30%

5.30%

4.50%

19%
7%

9%
4%

5%
1%

12%
5%

19%
7%

13%
5%

16%
7%

(Debt-Cash)/Book Assets

9%

-5%

-12%

-6%

-5%

-7%

-11%

(Debt-Cash)/Mkt Assets

0%

-2%

-6%

-2%

-3%

-4%

-4%

EBITDA Interest Coverage

3.31

3.46

4.12

-1.58

-3.19

6.2

6.37

EBIT Interest Coverage

2.19

1.42

2.34

-3.37

-7.57

2.25

1.94

% Sales

Debt/Mkt. Assets

EBIT Interest Coverage

Disk Drive Industry Medians

Debt/Book Assets
Debt/Mkt. Assets

Source:

Casewriters estimates based on data compiled from Compustat.

Disk Drive Industry (1981 to 1999)

1988

1989

1990

1991

1992

1993

1994

1995

1996

1,265.97

1,371.57

2,413.18

2,676.98

2,875.27

3,043.60

3,500.10

4,539.57

8,588.35

32.10%

8.30%

75.90%

10.90%

7.40%

5.90%

15.00%

29.70%

89.20%

150.77

90.97

297.24

255.57

309.04

439.05

449.17

629.85

1,004.53

11.90%

6.60%

12.30%

9.50%

10.70%

14.40%

12.80%

13.90%

11.70%

100.4

12.96

179.32

117.31

139.91

284.03

310.96

442.98

627.38

7.90%

0.90%

7.40%

4.40%

4.90%

9.30%

8.90%

9.80%

7.30%

1,093.95

1,076.77

1,851.46

1,880.06

1,816.60

2,031.19

2,877.53

3,361.26

5,239.64

50.37

78.02

117.91

138.26

169.13

155.02

138.21

186.86

377.15

284.41

78.09

102.38

90.87

90.66

173.57

197.68

353.43

906.94

28%

29%

31%

23%

18%

14%

19%

16%

15%

20%

24%

28%

27%

16%

14%

18%

12%

11%

20%
14%

11%
9%

17%
15%

9%
11%

-10%
-9%

-17%
-17%

-27%
-26%

-21%
-15%

-7%
-5%

6.88

3.77

6.1

6.01

9.09

18.67

17.05

19.11

17.99

4.58

0.54

3.68

2.76

4.11

12.08

11.81

13.44

11.24

6.20%

7.30%

9.60%

8.60%

8.90%

3.90%

2.50%

4.70%

7.00%

2.30%

5.30%

5.90%

4.30%

5.90%

-0.30%

-2.40%

1.90%

3.90%

12%
8%

13%
8%

10%
9%

13%
8%

16%
16%

19%
13%

12%
7%

10%
3%

13%
4%
-6%

0%

-5%

-7%

2%

-1%

-9%

-4%

-8%

-3%

-2%

-4%

-1%

-3%

-3%

-2%

-3%

-5%

8.15

5.74

6.03

4.06

4.38

5.58

3.59

7.06

4.58

2.71

3.3

1.55

4.31

-0.05

0.37

1.84

5.04

1997

1998

1999

8,940.02

6,819.00

6,802.00

4.10%

-23.70%

-0.20%

1,521.03

451

1011

17.00%

6.60%

14.90%

1,019.83

-138

398

11.40%

-2.00%

5.90%

6,722.88

5,645.00

7,072.00

501.2

589

613

890.46

709

603

10%

12%

10%

6%

8%

8%

-24%
-13%

-20%
-13%

-13%
-10%

43.66

8.84

20.25

29.27

-2.71

8.29

9.30%

5.60%

6.10%

7.50%

-1.40%

1.10%

6%
1%

14%
7%

9%
4%

-21%

-9%

-23%

-8%

-5%

-5%

13

4.2

-0.09

8.52

-2.04

-2.91

Exhibit 3:

Summary Financial Data on Publicly Traded Hard Disk Drive Manufacturers

Seagate Technology
Jun-97

Jun-98

Quantum HDDa

Jun-99

Mar-97

Mar-98

Income Statement ($ million)

Sales

$8,940

$6,819

$6,802

$4,591

$4,615

Cost of Goods Sold

6,918

5,830

5,250

4,093

4,242

Gross Margin

2,022

989

1,552

498

373

EBITDA

1,521

451

1,011

146

-6

501

589

613

109

68

1,020
35

-138
51

398
48

37
20

-74
11

Net Income

658

-530

1,176

41

-53

Capital Expenditures

890

709

603

164

119

$2,284

$1,827

$1,623

NA

$325

1,041

799

872

NA

586

808

508

451

NA

212

Net Property, Plant, and Equipment

1,787

1,669

1,687

NA

228

TOTAL ASSETS

6,723

5,645

7,072

NA

1,646

863
1

577
1

714
1

NA
NA

401
0

Depreciation + Amortization
Operating Profit
Interest Expense

Balance Sheet ($ million)

Cash and Equivalents
Net Receivables
Inventories

Accounts Payable
Short-term Debt
Long-term Debt

702

704

703

NA

109

Shareholders Equity

3,476

2,937

3,563

NA

906

Net Working Capital b

2,717

2,241

1,773
NA

739

NA

NA

Capital Market Information ($ million)

Year-end Market Equity Capitalization
Equity Betas c
Total Book Debt (3/10/00)
Debt Rating

$5,861

$5,844

$8,620
1.2
704
BBB

Stock Price (3/10/00)$/share

64.25

Shares Outstanding (3/10/00)millions

227.2

Quantum HDDa

Western Digital
Mar-99

Jun-97

Jun-98

Maxtor
Jun-99

Dec-96

Dec-97

Dec-98

$3,599

$4,178

$3,542

$2,767

$799

$1,424

$2,409

3,308

3,464

3,187

2,562

842

1,287

2,034

291

714

355

205

-43

137

375

-61

365

-41

-188

-191

-32

134

71

63

107

131

47

66

74

-133
9

302
0

-148
12

-319
33

-238
18

-97
37

60
29

-153

268

-290

-493

-256

-110

31

82

156

199

107

54

82

95

$524

$208

$460

$226

$31

$33

$258

392

546

369

273

89

248

318

148

224

187

144

81

155

153

199

248

347

238

92

99

108

1,470

1,307

1,443

1,022

315

555

863

342
0

418
0

330
0

336
10

110
204

207
245

428
5

115

519

534

229

224

145

791

620

318

-154

-327

-221

169

364

464

72

93

440

170

$2,716

$1,043

$589

NA

NA

$1,320

709

NA
0.8

0.6

110

236

114

B2

B2

B1

8.875

5.1875

11.625

82.6

129.1

113.2

Exhibit 8:

Projeced Operating Performance of Seagate Disk Drive Business

Year Ending June 30,

2000

2001

2002

2003

2004

2005

Base Case ($ million)

Revenues

$6,619

$7,417

$8,564

$9,504

$10,416

$11,359

1,264

1,409

1,696

2,043

2,312

2,624

EBITA

141

189

316

449

499

614

Depreciation

625

626

642

666

708

726

Capital Expenditures

627

690

720

795

700

725

$6,619

$8,185

$10,146

$11,283

$12,626

$13,961

141

365

689

783

867

1,000

$6,619

$7,393

$7,797

$8,310

$8,801

$9,269

141

189

322

363

378

403

Gross Margin

Upside Case ($ million)

Revenues
EBITA

Downside Case ($ million)a

Revenues
EBITA
Source:

Casewriters estimates based on revenues and EBITA projections contained in SEC filings.

aThe downside case is based on the buyer case described in the first VERITAS and Seagate Joint Proxy Statement/Prospectus filed with the SEC in May 2000.

2006

$12,350
3,026
724

729
750

$15,404
1,167

$9,759
407

ed with the SEC in May 2000.