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Technology Stocks : Read-Rite

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To: Stitch who wrote (4544)	1/29/1999 3:09:00 PM
From: Alain Dubreuil	Read Replies (1) of 5058

The new analysis from Value Line is very positive and it upgrade RDRT from 3 to 2 on a scale of 1 to 5 and the Prudent Speculator have a target of $30 for a time scale of 3 to 5 years. Alain SUPPLEMENT 1/29/99 Read-Rite returned to profitability sooner than we had expected, posting earnings of $0.02 a share in the December quarter (year ends September 30, 1999) versus a $0.61 loss in the fourth fiscal period of 1998 and the $0.15 loss we had estimated. The better-than-expected showing stemmed from a strong gain in unit shipments, partially offset by price erosion. The company's cost-cutting efforts also helped to widen margins. Balancing off the good results in the year's opening period, and the company's planned transition to a new head technology later in the year, which could cause some sales weakness, we've upped our full-year share-net estimate by $0.20, to $0.25. These shares are now ranked 2 (Above Average) for relative year-ahead price performance, but they still are too risky for more conservative portfolios (Safety: 5, Lowest). G.A.N

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