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

To: grogger who wrote (2830)	2/17/1998 4:05:00 PM
From: Philip W. Dunton, Jr	Read Replies (1) \| Respond to of 5058

Despite the disk drive stocks rallying significantly off of their lows recently, RDRT should be bouncing but isn't. Is the outlook that bad for this manufacturer of magnetic heads? Are the poor earnings predicted for this year already discounted in this depressed price? Anyone have an intelligent opinion? I have been in this puppy a couple of times before and made money. The current lack of activity on this thread tells me that there is total capitulation. Hence, this may be a washed out stock with good upside potential over the intermediate term. Comments please! Thanks. Phil