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Technology Stocks : Read-Rite

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To: Daniel Kahn who wrote (4828)11/29/1999 4:09:00 AM
From: Mark Madden  Read Replies (2) of 5058
 
Daniel -

I think the stability of disk drive pricing so far this quarter has helped RDRT as well as others in the industry. If it continues, RDRT should make it through this down turn with good technology and good customers. I believe their products are being used in several new programs that have high density per platter. This may lead them to profitability in a few quarters at which time the stock price will be much higher.

I am anxious to hear how much business RDRT has gained in Quantum and Seagate programs but I likely will not hear much until quarter reports in January.

Regards,
Mark
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