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: Dennis R. Duke who wrote (3290)	5/23/1998 1:10:00 AM
From: Larry J.	Respond to of 5058

Dennis, excellent work! Thank-you very much for posting your notes from your conversation with Mr. Kurtzweil. I feel great about the positioning of RDRT. One strong buy (that makes the press)and a little more positive press on the DD sector recovering and this thing is going to pop like a cork. I added shares today at 9 1/16 & 9 3/8. Have a great Memorial Day weekend, Larry

To: Dennis R. Duke who wrote (3290)	5/23/1998 3:39:00 AM
From: Robert Schling	Read Replies (1) \| Respond to of 5058

Dennis, Thanks for your informative post. Did you get a chance to mention RDRTs debt and whether eventual covenants have been, or are about to be violated, forcing RDRT to negotiate with banks and/or seek a recapitalization? I'm speaking from memory here, but RDRT is definitely in a negative cash flow situation; that's when bankers get nervous if you already owe them money. If RDRT had a strong balance sheet I would not hesitate (as in the case of semi-equipment makers when panic hits). This is definitely a tougher call. Does anybody else out there have a better insight on this specific issue? Thanks Robert