Read-Rite Message Board - Msg: 12419252

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Technology Stocks : Read-Rite

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To: TimKP who wrote (4836)	12/30/1999 12:32:00 PM
From: Mark Adams	of 5058

Do you happen to hold part of that 10% of the float short position? The small value of my current holdings makes it possible to withstand a total loss on RDRT. This would be disappointing, of course. Yahoo board discussion suggests RDRT filed on a delayed 10k resulting from continuing covenant negotiations related to the debt/equity ratio. One way to resolve that would be to issue equity at todays depressed prices. Current ratio at 2 looks ok, unless all that long term debt gets declared due immediately. An interesting post re current mix of MR/GMR. Suspect that GMR being in qual during recent past explains low shipments. messages.yahoo.com All in all, Stich is right. Need a lack of brains or stomach of steel to play in the Indy space... Conf Call info- for future reference: Read-Rite Corporation will release its First Quarter, Fiscal 2000 financial results after the market closes on Wednesday, January 26, 2000. Read-Rite will offer a replay of the call. The replay will air for 48 hours after the live call. The replay will begin at 4:00 p.m. PDT on January 26, 2000 and will end at 4:00 p.m. PDT on January 28, 2000. Dial-in information to access the replay is as follows: All domestic callers: (800) 633-8284 All international callers: (858) 812-6440 The following reservation number is required for all callers to access the replay: 13732786 If you have any questions or require further information regarding the conference call, please contact Investor Relations (tollfree) at 888-377-7378 or direct at 510-683-7676.

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