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Technology Stocks : Read-Rite

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To: grogger who wrote (2952)	4/16/1998 12:34:00 PM
From: Mark Adams	Read Replies (1) of 5058

I'd say that the press is playing it as this is the bottom. Somebody on CNBC this am said SEG looked good for the mid 30's. SEG traded near $20 last Dec, if my memory serves me, so someone has been discounting the bottom prior to today. RDRT's call sounded good re the quals, but I hesitate to think that the bottom is in. I think we are in the midst of a premature bounce which may last weeks to months. Maybe that's what the guy meant when he said SEG looked good at the moment, but wasn't sure about the longer term picture. Cautious optimism- BTW, I didn't mistype the CC resveration number, briefing.com had the wrong number posted. The correct number had been posted in a PR release.

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