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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Mark Oliver who wrote (8607)	8/24/2000 10:18:09 AM
From: Mark Oliver	Read Replies (1) \| Respond to of 9256

Read-Rite Ramping Production of GMR Heads for Quantum's New High Performance 20GB per Platter Hard Disk Drive Program August 24, 2000 08:47 AM Eastern Time FREMONT, Calif., Aug. 24 /PRNewswire/ -- Read-Rite Corporation RDRT today announced it is in the final stages of qualification and ramping production on its 20GB per 3.5" platter GMR heads for Quantum's new Fireball(TM) Plus AS disk drive program. This new leading edge, high-performance hard drive from Quantum will have capacities of 10.2 GB to 60 GB, at 7200 RPM with an average seek time of 8.5 ms. "We are delighted to participate in Quantum's launch of this exciting new program. This advanced hard drive required pioneering technology in GMR head design which we provided with our own leading-edge technology. We look forward to providing more of the same to Quantum on future programs," said Alan Lowe, president and chief executive officer. 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 Fremont, California and has operations in California, Thailand, the Philippines, Japan 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 continue providing its innovative GMR head technology for other Quantum programs. 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 may not receive final qualification of its GMR heads on Quantum's 20GB per 3.5" platter program; the company may be unsuccessful in ramping HGA production for Quantum; the company may be unsuccessful in obtaining additional design wins for other Quantum programs; the company's ability to sustain volume production cost-effectively and to maintain satisfactory yields; 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 1999 and quarterly reports on Form 10-Q for the first, second and third quarters of Fiscal Year 2000 ended December 29, 1999, April 2, 2000 and July 2, 2000, 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