READ-RITE RESCHEDULES EARNINGS ANNOUNCEMENT TO APRIL 26, 1999;
REPORTS REVENUES IN-LINE WITH ANNOUNCEMENT AT $206 MILLION
MILPITAS, CA - April 5, 1999 -- Read-Rite Corporation (Nasdaq: RDRT) today
announced that its revenues for the second fiscal quarter were $206 million.
This is down from $230.2 million in the December quarter and is consistent
with the company's announcement on March 23, 1999. The second fiscal
quarter release is being rescheduled to Monday, April 26, 1999, after the
close of the market, at which time company management will conduct a
conference call and will have further comments at that time.
Read-Rite Corporation is one of the world's leading independent
manufacturers of MR recording heads, head gimbal assemblies (HGAs) and head
stack assemblies (HSAs) for disk drives and magnetoresistive heads for tape
drives. The company is headquartered in Milpitas, California and has
operations in Japan, Thailand, the Philippines and Singapore. The company's
home page on the World Wide Web can be reached at readrite.com.
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