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To: Sir Auric Goldfinger who wrote (572)	7/26/2000 9:22:39 PM
From: RockyBalboa	Read Replies (1) of 3506

RDRT? MILPITAS, Calif., July 26 /PRNewswire/ -- Read-Rite Corporation (Nasdaq: RDRT - news) today announced a loss, excluding one-time charges, for the third fiscal quarter ending July 2, 2000 of $37.7 million or $0.66 per share on sales of $140.9 million, an improvement of $7.0 million compared to the second fiscal quarter. The net loss for the third quarter, including the remainder of the restructuring charge announced last quarter, was $50.5 million or $0.88 per share. The loss included one-time charges in the third quarter amounting to approximately $12.8 million.

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