Read-Rite Message Board - Msg: 11090706

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Technology Stocks : Read-Rite

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To: Mark Adams who wrote (4717)	8/27/1999 7:17:00 PM
From: Mark Adams	Read Replies (1) of 5058

Positive mention for RDRT and HMTT Message 11090646 Read Rite has continually held their place as one of the world's leaders in magnetic recording heads. With no other major publicly traded firm focused mainly on recording heads, we feel Read-Rite is the way to go and extremely undervalued if this industry should recover. Although Read-Rite recently announced that they were going to violate their lending agreements, I am confident that they will be able to re-negotiate with their lenders. In addition, with over $200 million in cash at the end of the latest quarter, I feel Read-Rite has enough of a cushion to last for at least the next two quarters, when I believe that the industry cut-backs and pricing stability will begin to show up in their bottom lines. In addition, Read-Rite is currently selling at a Price/Sales of only 0.32. patientinvestor.com

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