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Technology Stocks : Read-Rite

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To: Mark Madden who wrote (4830)12/21/1999 9:58:00 PM
From: Daniel   of 5058
 
second qualification:



Wednesday December 1, 4:00 pm Eastern Time

Company Press Release

SOURCE: Read-Rite Corporation

Read-Rite Qualified on Western Digital's 9.1GB and 10.2GB Caviar Disk Drive Programs

MILPITAS, Calif., Dec. 1 /PRNewswire/ -- Read-Rite Corporation (Nasdaq:
RDRT - news) today announced it is qualified and shipping GMR HGAs, at an
areal density of 6.6 gigabits per square inch, for Western Digital's 9.1GB per
platter and 10.2GB per platter Caviar 5400 rpm programs. Read-Rite is
shipping head gimbal assemblies and head stack assemblies with up to six
heads per stack for the Caviar program.

''These qualifications mark Read-Rite's first two GMR programs with
Western Digital. We are excited to be supplying our GMR technology to WD
on these leading edge desktop programs,'' said Alan S. Lowe, president and
chief operating officer. ''The ability of the technical teams to work together on
these ever more complex programs is a sign of the strength of the virtual
vertical integration model in the industry,'' he added.

Read-Rite Cooperation is one of the world's leading independent
manufacturers of magnetic recording heads, head gimbal assemblies (HGAs)
and head stack assemblies (HSAs) for disk drives and tape drives. The
company is headquartered in Milpitas, California and has operations in Japan,
Thailand, the Philippines and Singapore. The company's home page on the
World Wide Web can be reached at readrite.com .

SOURCE: Read-Rite Corporation
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