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Technology Stocks : Read-Rite -- Ignore unavailable to you. Want to Upgrade?

To: John Ritter who wrote (4798)	8/4/1999 12:15:00 PM
From: T Bowl	Respond to of 5058

Read-Rite Says it Expects to Violate Financial Convenants... <<What about the customer base? Tell me more>> OK, I'll play, but you have to return the favor. What about RDRT looks good, besides the fact that the stock is cheap? todd

To: John Ritter who wrote (4798)	8/4/1999 12:20:00 PM
From: Bilow	Read Replies (1) \| Respond to of 5058

I was in at 4 7/32, out at 4 3/16, in again at 4 1/4, out at 4 3/8, and am now back in at 4 3/16. Pretty good stock to make the spread. MONT has been selling, I am always scared of them. Another scalper is swinging 1000 shares on ISLD. I am pushing 400 around. I like these fundamental plays. Did you see the P/S on this puppy? -- Carl

To: John Ritter who wrote (4798)	8/4/1999 1:41:00 PM
From: T Bowl	Respond to of 5058

John - Bookmark this spot: sec.gov You should use it more often before you buy a stock.(Boy don't I sound like Kam…) Customer mix can be found there. Well, kinda… They use to break down customer mix by quarter, but once it got too concentrated they said that the info "confused the typical investor" so they quit releasing it. They actually should have said that the info "scared the typical investor" It roughly breaks down as WDC 50%, Maxtor 25%, Samsung 15% for the 98 fiscal year (ended SepQ98). IMO this amounts to approx 65% of rev from extremely weak players in the DD market. Please note that this data predates the IBM/WDC agreement… Throw on top of that the fact that WDC is now basically the low cost manufacturing arm of IBM(read: they won't be buying RDRT heads for those products), inventories are high, price erosion is stated by most players to be the "worst they've ever seen", the fact that component counts are shrinking quicker than anyone expected and now RDRT is in financial trouble… It all spells trouble. Doesn't matter what the stock price is. You're playing in the wrong end of the sand box. Indys are not the place to be when times are tough. Wait til you see light at the end of this long dark tunnel; You'll miss some of the initial runup, but you won't risk losing a ton either. todd