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Technology Stocks : Read-Rite

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To: William Wang who wrote (2946)	4/15/1998 5:56:00 PM
From: Yogi - Paul	Read Replies (1) of 5058

CBS Marketwatch-- Read-Rite Corp. (RDRT) is prepared to tumble after reporting a loss significantly wider than expectations. The disk drive component maker lost $1.29 a share in the quarter, compared to the consensus estimate of 72 cents. A year ago, Read-Rite earned a profit of 48 cents. The company cited oversupply in the disk-drive industry. Shares closed up 13/16 at 14. cbs.marketwatch.com irthrifty

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