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Technology Stocks : Read-Rite

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To: FNS who wrote (2719)	1/5/1998 5:39:00 PM
From: Winston Kim	Read Replies (1) of 5058

OUCH!!! WARNING!!! Read-Rite Corp. (RDRT) 17 1/8 -7/16: designer and manufacturer of magnetic recording heads for rigid disk-drives is warning that it sees fiscal 1Q earnings below Wall Street expectations; sees sales around $261 mln vs year-ago level of $251.6 mln; company to take an additional charge in the quarter aside from the one already announced; the First Call estimate was for a net of $0.34 a share, vs year-ago net of $0.12 a share.....

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