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Technology Stocks : Read-Rite
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To: Mark Oliver who wrote (4443)12/20/1998 1:40:00 PM
From: CPAMarty  Read Replies (1) of 5058
 
did we solve the question of whether Syquest could end up defaulting on money owed to RDRT?

It was clear that Syquest was in trouble at the end of 9/98 qtr, therefore IMO, Kurtzweil would have reserved for the loss back then. In any event the loss to RDRT would have not been material to its earnings;

SyQuest's largest unsecured creditors are Akashic Memories and StorMedia, which are owed a combined $1 million, said Tobias Keller, a SyQuest spokesman.

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