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

To: Zeev Hed who wrote (5003)	11/12/2000 11:38:49 PM
From: couldawoulda	Respond to of 5058

Yep - The market doesn't seem to want to cooperate as Nas futures are trading down -60 as I write this. 3000 will be penetrated and support for the Nas won't show up until 2863. As for RDRT, RSI continues to point towards the high fives for a bounce and it will likely just follow what the rest of the market does from here. Friday it showed surprising resiliency, but it is too bad the markets decided to tank particularly in the last half hour, or RDRT would have been a nice one to two day hold. The sector however that has RDRT, MXTR among others bottomed months ago and is performing fairly well in this market due to shortages and higher product pricing. I'll be joining you in the buying range you mentioned.

To: Zeev Hed who wrote (5003)	11/17/2000 7:41:50 PM
From: Bocor	Read Replies (1) \| Respond to of 5058

biz.yahoo.com Read-Rite's Largest Shareholder Invests an Additional $18.9 Million FREMONT, Calif., Nov. 17 /PRNewswire/ -- Read-Rite Corporation (Nasdaq: RDRT - news) today announced that the State of Wisconsin Investment Board (``SWIB'') has invested an additional $18.9 million in Read-Rite Corporation by purchasing 2.7 million shares of common stock at $7.00 per share. John Nelson, Investment Director for SWIB stated, ``As a long-term shareholder of Read-Rite Corporation, we are encouraged with the changes and the progress the company has made over the past several quarters and are impressed with the technological direction they are taking for the future.'' The State of Wisconsin Investment Board manages over $70 billion on behalf of 465,000 public employees and retirees. ``We are grateful for the continued support from the State of Wisconsin Investment Board. It is fantastic to have such a strong strategic partner as we move forward with making Read-Rite Corporation the world's preferred supplier of technology and products to the data storage and communication industries by exceeding customers' expectations in time to market, quality and cost,'' said Alan S. 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 website is located at readrite.com . Read-Rite is also the majority shareholder of Scion Photonics, Inc. which designs, develops, manufactures and sells both custom and standard Dense Wavelength Division Multiplexers (DWDM) and other optical communication components to address the rapidly growing worldwide fiber-optic network expansion. The company is well funded by the backing of Read-Rite Corporation, Tyco Ventures and Integral Capital Partners. Scion's website is located at scionphotonics.com. This news release may contain 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. 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 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 31, 1999, April 2, 2000 and July 2, 2000. 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