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Technology Stocks : Read-Rite
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To: Zeev Hed who wrote (3483)6/10/1998 9:17:00 AM
From: William Wang  Read Replies (1) of 5058
 
Read-Rite (RDRT) 8 5/16: Shares of disk drive components maker indicated 1 3/4 pts lower on news company expects to again miss its qtr. Citing continuing difficult industry conditions and reductions in demand, RDRT sees sequentially flat sales, which would be below analysts' views. Says expects Q3 loss to be narrower than the $1.29 loss reported in Q2. However, this not saying much considering analysts were expecting a loss of "only" $0.51. Will report on July 15.
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