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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (21715)	11/2/2000 11:22:51 PM
From: Ken W	Respond to of 29382

Sergio: From Robbie Stephens: Read-Rite Corporation (Nasdaq: RDRT chart, msgs) F2001 EPS: $0.08 from ($0.05) Dane Lewis, Network Storage Systems and Software "RDRT reported fourth quarter results, with EPS of $(0.25) exceeding our $(0.40) estimate," said Lewis. "RDRT reported revenues of $146.0 million, falling short of our $156.8 million estimate. However, due to better-than- expected gross margins and lower-than-expected operating expenses, EPS came in at $(0.25) versus our estimate of $(0.40). We are raising our EPS estimates in front of the improved outlook. While we are maintaining revenue estimates going forward, we are raising our first quarter of 2001 EPS estimate from $(0.11) to $0.01. For fiscal 2001, we are raising EPS from $(0.05) to $0.08. Ken