You guys are a LONG way from bottom. This makes the Pacific
Ocean seem like a kiddy pool:
Wednesday March 4, 9:06 am Eastern Time
Company Press Release
SOURCE: Read-Rite Corporation
Read-Rite Expects Lower Sales and Greater Loss than
Analysts' Expectations for the Second Quarter of Fiscal 1998
MILPITAS, Calif., March 4 /PRNewswire/ -- Read-Rite Corporation (Nasdaq: RDRT - news) today
announced that it expects to report lower sales and a greater loss than current analysts' expectations
for the second quarter of fiscal 1998 ending March 29. Read-Rite said it would have further comments
when it reports its second quarter of fiscal 1998 results on Wednesday, April 15, 1998, after the close
of the market.
Read-Rite Corporation is one of the world's leading manufacturers of recording heads, head gimbal
assemblies (HGAs) and head stack assemblies (HSAs) for disk drives and magnetoresistive heads for
quarter-inch-cartridge tape drives. The company is headquartered in Milpitas, California and has
operations in Japan, Thailand, Malaysia, the Philippines and Singapore. The company's home page on
the World Wide Web can be reached at www.readrite.com. |
