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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (116049)	6/17/2003 9:46:02 PM
From: Taki	Read Replies (1) \| Respond to of 150070

Chapter 7 holly cow.RDRT.59(COMTEX)B: Read-Rite Corporation Files for Bankruptcy Protection under Ch pter 7 B: Read-Rite Corporation Files for Bankruptcy Protection under Chapter 7 FREMONT, Calif., Jun 17, 2003 /PRNewswire-FirstCall via COMTEX/ -- Read-Rite Corporation (Nasdaq: RDRT) today announced that its Board of Directors has approved the filing of a voluntary petition for relief under chapter 7 of the United States Bankruptcy Code. The voluntary petition was filed today. Cyril Yansouni, chairman of the board of Read-Rite Corporation, said, "The Board approved the decision to file for bankruptcy protection only after exhausting all alternatives to preserve shareholder value and to fulfill the company's obligations to its creditors and employees." CONTACT: investors, Jane Conn of Read-Rite Corporation, +1-510-683-7676. SOURCE Read-Rite Corporation