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Technology Stocks : Applied Magnetics Corp

APM 1.060

0.0%

1:17 PM EST

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To: Stitch who wrote (11194)	1/6/1998 11:10:00 AM
From: appro	Read Replies (1) of 12298

FWIW Read-Rite warns >>due to reduced shipments for the last two weeks of the December....both sales and earnings will be below current analysts' expectations<< biz.yahoo.com >>Shares in Read-Rite Corp fell in pre-opening trade Tuesday after the company said it expected quarterly earnings to be below analysts' estimates. Read-Rite was trading at 15-1/4, down from a Monday closing price of 17-2/16. The disk drive equipment maker said late Monday it expected first-quarter earnings to be below consensus estimates because of lower shipments in the last half of December.<< This is entire quote re RDRT; for ref. only: biz.yahoo.com RDRT is now back to 16 3/8 so it would seem even a warning can not hurt the price much more.

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