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

To: Peter who wrote (2838)	2/20/1998 4:47:00 PM
From: RLM	Read Replies (1) \| Respond to of 5058

The bad earnings in the disk drive sector are factored into these stocks already. They will take a little hit, but not much. If you look at today RDRT moved with the disk drive stocks. SEG was down over a point and QNTM and WDC were also down. There has been good volume on RDRT lately, and it looked as if there was a big buyer as well as a big seller. The stocked moved to 16 1/2 and then back down to 15 in heavy trading. The disk drive sector will thrive when the new MR technology starts to come in vogue.