Read-Rite Qualifies on Western Digital's 7200 RPM, 20 GB per Platter Hard Disk Drive Program
August 24, 2000 08:48 AM Eastern Time
FREMONT, Calif., Aug. 24 /PRNewswire/ -- Read-Rite Corporation RDRT today announced it is qualified and has begun shipping its 20 GB per 3.5" platter GMR heads for Western Digital's Caviar 7200 RPM disk drives. Western Digital's new leading edge drive is a two-platter design with as many as four heads and has capacities of 10, 20, 30 and 40 GB.
"We are excited that the joint development efforts and strategic partnership with Western Digital have led to the introduction of this leading-edge product to help sustain their time-to-market advantage," says Alan S. Lowe, president and chief executive 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 Fremont, California and has operations in California, Thailand, the Philippines, Japan 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. 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: the company's ability to sustain volume production cost-effectively and to maintain satisfactory yields; there may be a reduction, cancellation or rescheduling of orders from Western Digital; the company may be unsuccessful in ramping production for this program; and the other factors described in the company's reports filed with the Securities and Exchange Commission, including, but not limited to, its Annual Report on Form 10-K for fiscal 1999 and quarterly reports on Form 10-Q for the first, second and third quarters of Fiscal Year 2000 ended December 29, 1999, April 2, 2000 and July 2, 2000, respectively. 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 |
