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Technology Stocks : Read-Rite

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To: Wall Street Jr who wrote (2996)	4/30/1998 7:15:00 PM
From: CPAMarty	Read Replies (3) of 5058

'I'm confident with our projections (that the company made on its CONFERENCE CALL with analysts),'' Lowe told a Hambrecht & Quist Technology conference here. ''March was definitely the bottom.'' the reason the stock didn't go up after the Hambrecht & Quist conference is: 1. it went up after the conference call and the information provided by Lowe at the H & Q conference wasn't new 2. interest rate concerns, which should die down in about 2 weeks to a month once we have some new news confirming what was said at the conference call we will get to $20./share quickly. IMHO

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