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

To: Daniel Kahn who wrote (4819)	11/7/1999 6:17:00 PM
From: Mark Madden	Read Replies (1) \| Respond to of 5058

Daniel, Welcome to the thread. It has been pretty dead for the past few months. RDRT has not had many news releases for the past few months and they have not changed strategy for quite a while. In my opinion, RDRT has risks but the rewards could also be great at these prices. I think their present products will keep them in business over the next 18 months but a sustained downturn in the industry could hurt their development of products further into the future. I am encouraged by their expanding customer list. If one of their customers goes out of business, the sales will likely transfer to another of their customers. If they can out execute their competitors they could have lots of business. As broadband communications increases data storage, the heads per disk drive could begin increasing and outpace the disk drive growth rate. IMO it is early for insiders to buy into RDRT. I think they are more inclined to buy when the company is expanding and having trouble meeting demand. I think the price will double when RDRT breaks even. The price could double a few more times after earnings look strong. Insiders may have plenty of time to buy before an upturn in the future. Regards, Mark