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Technology Stocks : Read-Rite

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To: Stitch who wrote (4348)	12/1/1998 4:34:00 PM
From: CPAMarty	Read Replies (1) of 5058

Just spoke with Jane Conn at RDRT. She indicated that it appeared that orders were firming up for December and January - but she was cautioned me that things could change (i think they are being overly conservative because of what happened this spring/summer) They are not giving guidance on sales for 12/98 qtr other than they are comfortable with the 10-15% increase over last quarter. She is not sure that they will be at breakeven cash flow for 12/98 qtr., but indicated that they will not use a significant amount of cash either. She indicated that they were were receiving very good feedback on their GMR prototypes. Maybe if you are going to the microcontamination symposium you could ask around and let us know what others think about their current generation of MR as well as the GMR samples

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