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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (10023)	11/19/1997 12:58:00 PM
From: Mark Adams	Read Replies (1) \| Respond to of 94695

RDRT announces charge to write off potential losses in SE Asia Read-Rite has contacted Singapore Technologies regarding payment for Read-Rite's accounts receivable, inventories and other Micropolis-related exposures, and intends to take all appropriate actions to recover these sums due. However, there can be no assurance that the company will be successful in these actions. Accordingly, because this development occurred subsequent to the company's October 22, 1997 announcement of Fourth quarter and fiscal 1997 results but before the filing of the company's Annual Report on Form 10-K for such periods, generally accepted accounting principles require the company to reflect the impact of these developments on the company's financial results for the fourth fiscal quarter and fiscal year ended September 30, 1997. The company thus expects its fourth fiscal quarter and fiscal 1997 results will now include a one-time charge of up to $15 million to establish a reserve for these Micropolis-related exposures.