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Technology Stocks : Read-Rite

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To: Mark Oliver who wrote (3991)9/4/1998 5:52:00 PM
From: Frodo Baxter   of 5058
 
Yes, RDRT might announce a qual, and it might even be WDC. But RDRT has lost WDC as a customer for desktop drives (90% of WDC's revenue) for good to IBM. So, what's a few months of revenue for the 3.4G/disk worth?

I'm an investor, not a day trader. And I'm out bargain hunting. EGRP, MICA, NITE, QNTM, F, CIEN and a bunch of financials look pretty attractive. The airlines look good, too, but I don't know the sector. RDRT at 4, but I doubt it'll get that low, and if it does, you'll probably be more worried about margin calls and getting food on the table than what cheap stock to buy.
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