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Technology Stocks : Seagate Technology -- Ignore unavailable to you. Want to Upgrade?

To: DJBEINO who wrote (4024)	11/6/1997 5:08:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 7841

SCOTTS VALLEY, Calif., Nov. 6 /PRNewswire/ -- Seagate Technology, Inc. (NYSE: SEG) announced today that it has settled all disputes with Amstrad PLC. As a result of the settlement, the parties have withdrawn all appeals and ended all litigation between them. The settlement will result in approximately a $22 million reduction against the $153 million charge recorded in the Company's fourth quarter 1997 financial results. This reduction in the settlement cost will be reflected in the Company's results for the quarter ending January 2, 1998.