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Technology Stocks : Read-Rite

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To: Dennis R. Duke who wrote (3089)	5/8/1998 1:28:00 PM
From: Swathi Vanniarajan	Read Replies (2) of 5058

You are right. It was only a letter of intent. RDRT is expected to catch up with it. Yet, there is nothing that prevents WDC to let RDRT manufacture the heads using that technology. In the present scenario, RDRT is emerging as a potential player since IBM's capacity (their SJ unit) cannot meet undue demands. Presently, for WDC, the higher capacity demands are to be met by IBM, and the lower ones by RDRT. When yen gets strengthened, the Japanese players will out of the market, and RDRT & SEG will have a cost advantage. With the Clinton administration pushing Japan to increase the interest rate, it can happen at anytime. Patient investors can see their money doubled with RDRT. It is a 25000 employee company, not a small fry. Dr. S. Vanniarajan

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