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

To: CPAMarty who wrote (3023)	5/3/1998 4:36:00 PM
From: Bald Man from Mars	Respond to of 5058

<< i think that was because of the WDC buyout rumor>> What buyout rumor ??? Time to buy - wait for some upside momentum to establish !!!

To: CPAMarty who wrote (3023)	5/3/1998 9:18:00 PM
From: Stitch	Read Replies (1) \| Respond to of 5058

Marty, <<Time to buy ...>> I really cannot agree. I suggest you reread TBowl's posts as he has very adequately reported the situation. Read-Rite is in serious trouble with a delayed response to the shift to MR. They have lost the curve to SAE/TDK and Yamaha not to mention the growing menace of IBM shipments. The component industry is in it's worse overcapacity situation ever and is hungry to shed pounds. Darwinian forces are at work as we post here. This is just not a good investment considering other opportunities. I wish you well but your vote on RDRT is a total miss IMHO. BTW I am neither long or short on any DD component supplier. Component suppliers are in a considerably worse overcapacity situation then DD suppliers IMO. I am not a short player preferring to invest in long term growth and strong fundamentals. Best, Stitch