Copy of (vs. just reference to) Dec. 1 qualification release #1:
Wednesday December 1, 8:02 am Eastern Time
Company Press Release
SOURCE: Read-Rite Corporation
Read-Rite Announces GMR Qualification on Samsung's SpinPoint 9.1GB and 10.2GB Hard Disk Drive Programs
MILPITAS, Calif., Dec. 1 /PRNewswire/ -- Read-Rite Corporation
(Nasdaq: RDRT - news) today announced qualification of its GMR head
stack assemblies (HSAs) for Samsung Corporation's 9.1GB per platter and
10.2GB per platter SpinPoint hard disk drive programs.
As announced at the end of October, Read-Rite has already begun ramping
up volume production in anticipation of these qualifications, and volume
shipments have already begun.
''We are extremely pleased to have been chosen as a key supplier on
Samsung's SpinPoint 9.1GB and 10.2GB programs. We have an excellent
working relationship with Samsung and look forward to continuing this
strong developmental team effort on future qualifications,'' said Alan S.
Lowe, president and chief operating officer.
Read-Rite Corporation 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.
This news release contains statements which include forward-looking
information within the meaning of Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Act of 1934, as amended, and
is subject to the ''safe harbor'' created by those sections. These statements
include, but are not limited to: the company's expectation that it will
continue its strong developmental team effort with Samsung on future
qualifications. The company's actual results for future periods could differ
materially from those projected in such forward-looking information.
Factors that could cause actual results to differ include, but are not limited
to: There may be a reduction, cancellation or rescheduling of orders from
Samsung, the company may be unsuccessful in qualifying future products
at Samsung Corporation; the company's ability to sustain volume
production of pico GMR heads cost-effectively and to maintain satisfactory
yields on the GMR heads for Samsung; and/or the risk factors described in
the company's reports filed with the Securities and Exchange Commission,
including, but not limited to, its most recent Annual Report on Form 10-K
for fiscal 1998 and quarterly reports on Form 10-Q for the first, second and
third quarters of Fiscal Year 1999. Read-Rite undertakes no obligation to
update forward-looking statements to reflect events or circumstances
occurring after the date of such statements.
SOURCE: Read-Rite Corporation |
