For Immediate Release For Further Information Contact: Julie Still (831) 439-2276 Julie_a_still@notes.seagate.com Woody Monroy (831) 439-2838 Woody_monroy@notes.seagate.com SEAGATE AND RODIME ENTER INTO SETTLEMENT AGREEMENT...Settlement Agreement • January 27th, 2000 • Seagate Technology Inc • Computer storage devices
SCOTTS VALLEY, CA -- January 26, 2000 - Seagate Technology, Inc. (NYSE:SEG) today announced that the Company has agreed to settle with Rodime PLC regarding a patent infringement complaint relating to certain discontinued 3.5-inch drives filed by Rodime against Seagate on November 18, 1992. Pursuant to the agreement, Seagate shall be released from all patent and tort claims in exchange for a payment of $45 million.
