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Technology Stocks : Read-Rite
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To: John Chapman who wrote (5051)12/28/2002 6:01:01 PM
From: Ron  Read Replies (1) of 5058
 
Read-Rite is rising 5 cents, or 15.6 percent, to 37 cents, on heavy volume of 4.7 million shares. The Fremont, Calif., disk drive firm received a $30 million term loan from Tennenbaum Capital Partners LLC. In return, Tennenbaum received warrant to purchase roughly 24 million of the company's common shares. $10.2 million worth of the facility is being drawn immediately.
DECEMBER 27th CBS MARKETWATCH
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