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Technology Stocks : Read-Rite

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To: William Wang who wrote (3591)	6/30/1998 12:45:00 PM
From: Dennis R. Duke	Read Replies (2) of 5058

Did you get back in on the dip today? Looks like we got within your range at $8 5/8 for a while. Back to break even on the day, at least we were for a while. I would for one would like to see a rally. It would give me confidence that sales within the quarter are better than the worst estimates. Zack's range on EPS estimates for the 6/98 Q range from -.34 to -.99, with a mean of -.56. The Q ended 9/30 range from .00 to -.62, with a mean of -.23. But I think the CC might provide guidance that changes the 9/98 estimates to positive as the Samsung and Maxtor programs come on line. But those are only logical guesses. Leaks happen, and that market action would be nice. But I have not heard anything positive or negative on the sales within the 6/98 Q. Anybody able to fill us in on that? Dennis

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