RDRT News:
Read-Rite Corporation Begins Volume Shipments of the Latest Recording Head Technology for Western Digital's 30 GB per Platter Hard Disk Drive
FREMONT, Calif., Jan 23, 2001 /PRNewswire via COMTEX/ -- Read-Rite Corporation (Nasdaq: RDRT chart, msgs) today announced that they have begun volume shipments for Western Digital's 30 GB per platter next-generation WD Caviar(TM) product. "This marks another high point for Read-Rite in our execution of the product technology. We are extremely pleased that our technology leadership has extended from the 20GB per platter to the 30GB per platter," said Jim Murphy, senior vice president of customer programs. John Coyne, Western Digital's senior vice president of worldwide operations added, "Read-Rite has proven their execution ability on the 20 GB platform, and we are proud to be using their new technology in our drives." The company noted the wafers, which are the most advanced technology available in the market place to date, are being manufactured at its Fremont, California facility and shipped in the form of head gimbal assemblies (HGAs) manufactured out of its ISO 9002 and 14001 qualified production facility in Thailand.
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, Singapore and South Korea. The company's website is located at readrite.com . Read-Rite is also the majority shareholder of Scion Photonics, Inc. which designs, develops, manufactures and sells both custom and standard Dense Wavelength Division Multiplexers (DWDM) and other optical communication components. Scion's website is located at scionphotonics.com .
This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained in such forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, the factors described in the company's reports filed with the SEC, including, but not limited to, its Annual Report on Form 10-K for fiscal 2000. 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
Contact:
investors, Mark Sokolowski, 510-683-7676, or media, John
DiMatteo, 510-683-7379, both of Read-Rite Corporation
URL: readrite.com |
