SEAGATE TECHNOLOGY COMPLETES MERGER WITH CONNER PERIPHERALS

SCOTTS VALLEY, CALIF., -- FEBRUARY 5, 1996 -- The merger of Seagate
Technology, Inc. (NYSE:SEG) and Conner Peripherals, Inc. has been
consummated.

Under the terms of the merger, first announced October 3, 1995, Conner
stockholders will receive 0.442 of a share of Seagate common stock for
each share of Conner common stock. In addition, Seagate plans to acquire
the minority interest in Arcada Holdings, Inc., a majority- owned
subsidiary of Conner, subject to Arcada stockholder approval scheduled for
February 16, 1996. Upon such approval the Arcada minority stockholders
will receive .1545 of a share of Seagate common stock for each share of
Arcada common stock. Based on shares of Conner common stock and the
minority interest in Arcada common stock outstanding, Seagate expects to
issue a total of approximately 25,642,000 shares of Seagate common stock
in connection with the acquisition of Conner and the minority interest in
Arcada (in addition to shares subject to outstanding options and
debentures).

Seagate Technology, Inc. is a data technology company that provides
products for storing, managing and accessing digital information on the
world's computer and data communications systems. Seagate is the largest
independent disc drive and components company in the world. Seagate's home
page address on the World Wide Web is http://www.seagate.com.

FOR FURTHER INFORMATION CONTACT:

Julie A. Still
(408) 439-2276
Media Relations

Nancy E. Hamm
(408) 439-2371
Investor Relations
SEAGATE TECHNOLOGY, INC.
 
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