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Seagate Technology reported revenue of $1.62 billion, net income of $174 million, and diluted earnings per share of $0.37 for the quarter ended March 28, 2003, compared to $1.69 billion, $193 million, and $0.45, respectively, in the year-ago quarter, reflecting year-on-year reduction.

For the nine-month period ended March 28, 2003, Seagate reported revenue of $4.93 billion, net income of $481 million, and diluted earnings per share of $1.04, compared to $4.61 billion, $351 million and $0.85, respectively, for the nine months ended March 29, 2002.

The company shipped 16.6 million disc drives in the third fiscal quarter, reflecting an increase of 1.6 million units over the year-ago quarter. This includes approximately 4.6 million disc drives shipped on the 80GB/disc platform. The company expects OEMs still qualifying the 80GB/disc platform will complete qualification during the June quarter, and by the end of the June quarter substantially all of the company's personal storage shipments will be on this platform.

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