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Technology Stocks : Read-Rite
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To: CPAMarty who wrote (4149)10/18/1998 2:30:00 PM
From: Stitch  Read Replies (1) of 5058
 
Marty;

<<QNTM management was very negative about MKE and indicated that due to "unacceptable" losses they planned to resolve the matter one way or another by 12/31/98.>>

You have to be careful here. MKE is , literally, all of QNTMs manufacturing. Their comments were specifically about the head production JV with MKE. Its a JV because they sold part of the ownership to MKE last year. I am not sure what the contract reads but wonder what they could do in terms of backing out without significant difficulties with their overall mfg partner?

Best,
Stitch
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