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Technology Stocks : Read-Rite
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To: KM who wrote (2722)1/5/1998 10:52:00 PM
From: Stitch  Read Replies (1) of 5058
 
Trufflette,
<<but does the Asia slowdown play any part in this earnings shortfall?>>

IMO not for Read-Rite so far. Order cancellations etc,. are related to overbullish orders from their customers. Thats not to say it wont account for earnings problems in the future. Asia will definitely be spending less on PCs for example whah may have an effect on order etc. But so far the disk drive sector malaise is fairly independent of the Asia problems.
Best,
Stitch
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