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Technology Stocks : Read-Rite

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To: Xpiderman who wrote (3154)	5/12/1998 9:55:00 AM
From: Dennis R. Duke	of 5058

If the data was updated, as it states in the Yahoo site, on 5/1/98, it includes the deduction from book value through the 2nd quarter, or except for the current quarters performance. That to me says we are near book and a value stock. Balance sheets, which are the basis for book value, are updated with the rest of the financial statements. BTW, my Merrill Lynch broker looked at the book value in the firm's system and it has it at $11 and change. So whatever system they are using will show it below book value. We know from the Yahoo information that book value is $9.46, as I recall. Either way, it screams to me buy. I hope this is a good one for the longs. Dennis

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