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

To: Xpiderman who wrote (3154)	5/12/1998 9:29:00 AM
From: johny	Read Replies (1) \| Respond to of 5058

Kodak Executive Joins Read-Rite Corporation as VP and General Manager For Opto Magnetic Group PR Newswire - May 12, 1998 09:07 RDRT %CPR %PER V%PRN P%PRN -------------------------------------------------------------------------------- MILPITAS, Calif., May 12 /PRNewswire/ -- Read-Rite Corporation (Nasdaq: RDRT) today announced that Dr. Joseph J. Miceli, Jr., has been named vice president and general manager of their Opto Magnetic Group located in San Jose, California. In this position, he succeeds executive vice president and general manager Peter Bischoff, who was recently appointed co-president of Read-Rite SMI in Osaka, Japan. Dr. Miceli, who joined Read-Rite after spending the past 16 years at Eastman Kodak Corporation in Rochester, New York, has extensive technical and managerial experience in optical recording. He joined Kodak in 1982 as a research scientist and has served in various senior R&D leadership roles in that company's Optical Data Storage Technology development. During his tenure with Kodak, he also served as director of Kodak's Optical Storage Technology Division and general manager of their Optical Storage Products business unit. His most recent role with Kodak was guiding their venture investment, intellectual property licensing and spin-out evaluation as part of Kodak's corporate business development staff. He received a bachelor's degree isia, the Philippines and Singapore. Read-Rite employs 23,000+ people. The company's home page on the World Wide Web can be reached at www.readrite.com. SOURCE Read-Rite Corporation /CONTACT: investors, Katie Dahlstrom, 408-956-3276, or media, John DiMatteo, 408-956-3389, both of Read-Rite Corporation/ /Web site: readrite.com adquartered in Milpitas, California, and has operations in California, Japan, Thailand, Malaysia, the Philippines and Singapore. Read-Rite employs 23,000+ people. The company's home page on the World Wide Web can be reached at www.readrite.com. SOURCE Read-Rite Corporation /CONTACT: investors, Katie Dahlstrom, 408-956-3276, or media, John DiMatteo, 408-956-3389, both of Read-Rite Corporation/ /Web site: readrite.com

To: Xpiderman who wrote (3154)	5/12/1998 9:55:00 AM
From: Dennis R. Duke	Respond to of 5058

If the data was updated, as it states in the Yahoo site, on 5/1/98, it includes the deduction from book value through the 2nd quarter, or except for the current quarters performance. That to me says we are near book and a value stock. Balance sheets, which are the basis for book value, are updated with the rest of the financial statements. BTW, my Merrill Lynch broker looked at the book value in the firm's system and it has it at $11 and change. So whatever system they are using will show it below book value. We know from the Yahoo information that book value is $9.46, as I recall. Either way, it screams to me buy. I hope this is a good one for the longs. Dennis