Seagate 2003 Annual Report Download - page 106

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Table of Contents
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Shareholders
Seagate Technology
We have audited the accompanying consolidated balance sheets of Seagate Technology as of July 2, 2004 and June 27, 2003, and the
related consolidated statements of operations, shareholders’ equity, and cash flows of Seagate Technology for the fiscal years ended July 2,
2004, June 27, 2003 and June 28, 2002. These consolidated financial statements are the responsibility of the Company’s management. Our
responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial
position of Seagate Technology at July 2, 2004 and June 27, 2003, and the consolidated results of operations and cash flows of Seagate
Technology for the fiscal years ended July 2, 2004, June 27, 2003 and June 28, 2002, in conformity with U.S. generally accepted accounting
principles.
/s/ E
RNST
& Y
OUNG
LLP
San Jose, California
July 20, 2004
104