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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: greg nus who wrote (14164)1/5/1998 5:32:00 PM
From: Proud_Infidel  Read Replies (3) | Respond to of 70976
 
Some Bad News After the Bell which might weigh heavily on the tech sector tomorrow. Then again, it may already be in the prices.

From Briefing.com

Read-Rite Corp. (RDRT) 17 1/8 -7/16: designer and manufacturer of magnetic recording heads for rigid disk-drives is warning that it sees fiscal 1Q earnings below Wall Street expectations; sees sales around $261 mln vs year-ago level of $251.6 mln; company to take an additional charge in the quarter aside from the one already announced; the First Call estimate was for a net of $0.34 a share, vs year-ago net of $0.12 a share.....