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

To: Mark Madden who wrote (4829)	12/1/1999 5:47:00 PM
From: Mark Madden	Read Replies (2) \| Respond to of 5058

Qualifications - biz.yahoo.com biz.yahoo.com Did they snatch some business back from IBM?

To: Mark Madden who wrote (4829)	12/21/1999 10:00:00 PM
From: Daniel	Read Replies (1) \| Respond to of 5058

Read-Rite Qualified and in Volume Production on Quantum's 10.3GB Fireball lct10 Disk Drive Program biz.yahoo.com : Tuesday December 21, 1:36 pm Eastern Time Company Press Release SOURCE: Read-Rite Corporation Read-Rite Qualified and in Volume Production on Quantum's 10.3GB Fireball lct10 Disk Drive Program MILPITAS, Calif., Dec. 21 /PRNewswire/ -- Read-Rite Corporation (Nasdaq: RDRT - news) today announced that Quantum Corporation's Hard Disk Drive Group (NYSE: HDD - news) has qualified Read-Rite's GMR head gimbal assemblies (HGAs) on Quantum's 10.3GB per platter Fireball lct10 program. Read-Rite is currently in volume production on these GMR heads and will be shipping in volume to Quantum this month. The Fireball lct10 features a 9.5 millisecond (ms) seek time, a 5,400 RPM rotational speed, ranges in capacity from 5.1GB to 30GB, and incorporates leading areal density technology to meet the market's requirements for low-cost, reliable, high capacity desktop drives for the fast growing sub-$700 PC market. ''We are very excited to have received this 10.3GB qualification from Quantum,'' said Cyril J. Yansouni, chairman and chief executive officer. ''We are currently working to integrate our innovative GMR head technology into numerous desktop and enterprise programs with Quantum. This qualification further emphasizes Read-Rite's return as a strategic supplier to Quantum, the largest producer of disk drives for the desktop marketplace.'' About Read-Rite Read-Rite Corporation is one of the world's leading independent manufacturers of magnetic recording heads, head gimbal assemblies (HGAs) and head stack assemblies (HSAs) for disk drives and 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 . This news release contains statements which include forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, and is subject to the ''safe harbor'' created by those sections. These statements include, but are not limited to: the company's expectation that it will be shipping in volume to Quantum this month; and the company's expectation that it will continue working to integrate its innovative GMR head technology into numerous desktop and enterprise programs with Quantum. The company's actual results for future periods could differ materially from those projected in such forward-looking information. Factors that could cause actual results to differ include, but are not limited to: the company may be unsuccessful in ramping HGA production for Quantum; the company may be unsuccessful in obtaining additional design wins for other Quantum desktop and enterprise programs; and the other factors described in the company's reports filed with the Securities and Exchange Commission, including, but not limited to, its Annual Report on Form 10-K for fiscal 1998 and quarterly reports on Form 10-Q for the first, second and third quarters of Fiscal Year 1999 ended December 27, 1998, March 28, 1999 and June 27, 1999 respectively. Read-Rite undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of such statements. SOURCE: Read-Rite Corporation