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Technology Stocks : Read-Rite
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To: NasdaqStud who wrote (3120)5/10/1998 8:06:00 PM
From: CoffeePot  Read Replies (1) of 5058
 
From looking at a RDGT price chart it appears the slide began on the 4th--same day WDC/IBM deal was announced --and looking at the intra-day for Friday the stock continued to weaken as the day progressed. Even if RDRT looses 1/3 of WDC's business that's a 15% revenues loss for RDRT on top of an already weak market. This is just a guess, but just looking a last weeks action RDRT could easily break $10 on Monday.
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