Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tom Simpson who wrote (8612)	8/24/2000 6:59:22 PM
From: Webster Groves	Read Replies (1) \| Respond to of 9256

Newbie here .... to the thread. Sold 1/2 my RDRT today. Thinking about dumping the rest tomorrow (both at a decent profit). Reason for posting is to pose this question: Why the multi-barrel PR blast from RDRT today ? Why all at once ? Why not spread the good news out (before and after today ) ? Now we see why the price has advanced for the past few weeks - seems like lots of leaks in the PR room. I figure there can't be any more good news for a while, people will sell, and I'll forget the past and buy again. Tactical opinions ? -wg

To: Tom Simpson who wrote (8612)	8/24/2000 8:19:16 PM
From: Mark Oliver	Read Replies (2) \| Respond to of 9256

Disk-drive group hits 4-month high By Debra McGarry, CBS.MarketWatch.com Last Update: 1:49 PM ET Aug 24, 2000 NewsWatch Latest headlines cbs.marketwatch.com NEW YORK (CBS.MW) -- Disk-drive stocks soared 10 percent Thursday, propelling the sector to its highest level in four months, as Read-Rite hit a customer "grand slam" with four major customers placing orders for its GMR recording heads. The Amex Disk Drive Index (DDX: news, msgs) leaped 10 percent, with Read-Rite's 27 percent gain setting the pace. Read-Rite (RDRT: news, msgs) moved up by 1 1/2 to stand at 7 1/8 in recent action. Shares of the Fremont, Calif.-based maker of magnetic recording heads for disk drives had climbed to a 52-week high in morning trading. The disk-drive index posted solid gains last week on investor optimism that the sector may be ready to return to profitability in the fourth quarter, and Read-Rite's announcement only added to the optimism. Harnessing GMR Read-Rite said that it has already begun shipping giant magnetoresistive, or GMR, recording heads to Western Digital (WDC: news, msgs), Quantum-Hard Disk Drive (HDD: news, msgs), Samsung Corp., and Maxtor (MXTR: news, msgs). The announcement represents "a significant turning point for the company's return to profitability goal," said Alan Lowe, Read-Rite's president and chief executive officer, in a press release. See full story. GMR is a phenomenon involving large changes in electrical resistance that occur in specific materials sandwiched in very thin layers of metals, according to Read-Rite. GMR recording heads are more sensitive and hence are capable of storing more data per disk. Read-Rite's customers also saw their shares head higher. Western Digital advanced 5/16, or 6.3 percent, to 5 1/4; Maxtor edged up 9/32 to 7 7/16; and Quantum shares rose 1/8 to 9 1/8.