Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Ritter who wrote (3146)	5/11/1998 6:01:00 PM
From: Dennis R. Duke	Read Replies (3) \| Respond to of 5058

I too bought today. I mean again. Cash per share of $4.71 and book value of $9.46, from Yahoo's profile page updated 5/1/98 per Yahoo. Now how many tech companies can you buy for book value. We're close enough for me. H&Q's own report saying "hold" on RDRT said book value is a buy in point. I won't be surprised when analyst move their recommendations to "buy" based on value alone. The hires on 4/15 of Dr. Mark Re, IBM's former director of recording head development engineering, and Dr. Aric Menon, Seagate Recording Head Group's former chief technology officer. Make me think that it is a bargain at these prices. Can't wait for the first press release from the company as a result of these gentlemen's work and/or direction with the company. Finally, I think IBM's WDC deal is being over blown currently. It is a letter of intent. The final deal is not done, as I understand it. Correct me if I am wrong, but I have not seen the document and I question whether anyone on this thread has. So a 100% loss of WDC starting in June of 1999, is not a given. But more importantly it seems acknowledged here that Seagate is going to be a bigger customer of RDRT in the future. To that I say great! Seagates revenues at 1.72 times that of WDC. So if we get slightly better than 1/2 the percentage business from Seagate, that we had from WDC, we will replace WDC, assuming it is a full loss. I'll post me numbers for the above in my next post. I am hoping we have a winner here. Come on announcement of a new platform, or 3.x adoption by the OEM's. R&D you can do it!!! Dennis