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


To: Stitch who wrote (3344)5/27/1998 10:35:00 PM
From: TimKP  Read Replies (3) | Respond to of 5058
 
A buddy of mine spoke with Katie (RDRT IR) today. Asked about qualifications. Nothing new here probably but, 2.8 quals in progress with WDC and Samsung, 3.4 with Maxtor, and 2.5 with SEG. Katie said by early to mid June we should here something. So looks like the two week window previously written about is moving. Also said that revenue growth this quarter would probably be in the lower end of the 10 - 20% range RDRT has previously spoken of.

One thing my friend said was that Katie, in general, didn't sound real upbeat on RDRT. Nothing real specific just that her overall tone seemed pretty nervous and cautious. When asked if she thought RDRT would get things turned around, she kind of went silent. Just didn't seem to portray much confidence (FWIW)