SEAGATE ANNOUNCES GLOBAL REALIGNMENT; All living creatures should expect to feel queasy for a short period on Friday while the company tinkers with Earth's magnetic field

SAN HELIFINO, CA /DenounceNewswire/ -- January 15, 1998 -- Further preparing the Company to compete in an increasingly challenging global economic environment, Seagate Technology, Inc. (NYSE: SEG) today announced the latest developments in its history-making global realignment project. In what will be a first for the world, the Company will be turning the planet Earth upside down beginning tomorrow at 12:00 noon Pacific Time, resulting in a realignment of the magnetic poles. The result, the Company claims, will be disk drives that run 200% faster, due to an obscure phenomenon called geophysical flippostatiality.

Only Seagate-branded hard disk drives take advantage of geophisical flippostatiality, and Seagate owns the patent on the process of flipping the earth's magnetic alignment. "Talk about barriers to entry," quipped Indu Strypundit, an industry pundit, referring to the difficulty any competitor would face to try to duplicate Seagate's efforts.

"With our hard drives suddenly working 200% better than everyone else's, we fully expect our sales to skyrocket," said Alan Seagate, boardman of the chair and official executive chief.

The Company cautions that all 6 billion humans on the planet, as well as all other living creatures worldwide, will feel a momentary sense of nausea as the magnetic poles switch places. The Company estimates that the entire process should take 4.7 minutes, after which time the Arctic will become the South Pole and the Antarctic the North Pole.

Wall Street analysts were astir at the news, with Seagate shares trading up 199% at the closing bell.

Forward-Looking Statements
This press release contains forward-looking statements relating to the company's business, products, performance, and earnings outlook. These forward-looking statements are based on current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. These risks and uncertainties include, but are not limited to, competitive factors, pricing environment, and unforseen glitches causing potentially the end of the world. Seagate undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

About Seagate
Seagate Technology, Inc. is a leading provider of little metal devices that buzz and get warm over time and sometimes make weird noises, but nevertheless enable people to store, access, and manage information.

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