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Technology Stocks : Western Digital (WDC)

WDC 157.75

+0.4%

Nov 14 9:30 AM EST

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To: zalesky who wrote (10020)	12/8/1998 11:50:00 AM
From: Sawtooth	Read Replies (1) of 11057

Read-Rite Corp. (RDRT) 15 9/16 +1 3/4: Hambrecht & Quist upgrades designer and maker of magnetic recording heads for rigid disk drives from "hold" to "buy" following recent meeting with management and establishes a six-month price target of $18-$20 a share; company noticing improving demand through latest quarter as company has been a beneficiary of strong demand from both Maxtor and Western Digital; increasing volume shipments and higher yields will boost margins and earnings, while in the long-term, the company is positioned more favorably with customers..... (From Briefing, 12/8, emphasis mine.)

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