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Technology Stocks : Read-Rite

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To: Debt Free who wrote (3299)	5/23/1998 8:29:00 PM
From: Stitch	Read Replies (1) of 5058

Doug Stitch; <<What do you currently see as a bottom? >> I believe the company is in a critical state. Failure to qualify on 2.8 programs starting soon probably will spiral it into receivorship. The stock price will slide through 6.00 a share with no resistence. Failure to qual on 3.4 programs (in the late Q-3 time frame) after that could do the same. This company must execute flawlessly over the next three product releases to survive IMO. Having said that I think we will see an announcement soon that they have qualified on a 2.8 program and it could give the stock a bounce. But it will be a tenuous and long haul back IMO. The company is ienexorably and solely bound to the DD sector. I believe Tom's reply is very credible. To get the "bear" side of the story read past posts from Tom, myself, Lawrence Kam, and T-Bowl. Good to see your posts again. (From a faux Stitch to a true Stitch) best, Stitch

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