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Technology Stocks : Read-Rite
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To: CPAMarty who wrote (3780)7/25/1998 9:43:00 PM
From: Dennis R. Duke  Read Replies (1) of 5058
 
So we have to wait until July 29th, after the bell for WDC's earnings to get good news on RDRT? Now lets see, WDC was in deep trouble when it was at around $20 and needed to put a spin on its stock, IMHO, when it did the IBM will save us routine last earnings release. Since then it has gone down into the $11's. Now if this was drag racing that might be good. But it is not.

So will WDC's management try to save their jobs with another spin? Could RDRT be the words they use. I think you may be on to something here. I wonder if the words will be something like by having two vendors WDC will be able to push down costs and produce state-of-the-art hard drive to take market share.

On a separate note, Alan got the boot at Seagate. They are planning to do a less vertical process, from what I have read. Has anyone seen that translate into RDRT getting orders from SEA?

Waiting for the mid-teens, (-8 Dennis 8-)
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