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

To: William Wang who wrote (3530)	6/11/1998 6:40:00 PM
From: NasdaqStud	Read Replies (2) \| Respond to of 5058

I did not personally expect to see these shares rally on news of a 2.8 qual in light of current market trends. However, it is important, IMO, from the standpoint of the company continuing to make progess on new programs with customers other than WDC. Also, the doom and gloom type comments on this board are typical emotional responses to industries in turmoil. And the exact opposite occurs at market peaks. Again, the key is that the fundamentals will ultimately drive share price and as long as RDRT stays ahead of the devleopment curve, this co. is not done. RDRT will not go out of business at they have recently recrutied several key former IBM MR/GMR gurus. RDRTs internal process can ONLY improve from current status IMO. The market is discounting this heavily at present due to turbulence in the sector. Also, RDRT has 13.42 in Plant/Property & Equipment. There is definately value above and beyond its current share price. Patient investors should, IMO, buy now. Also, Stitch, is it possible that RDRT acquires WDC. IBM makes drives and heads, as does Seagate. Wouldn't this be interesting? At current valuation, buyout is possible too. Stay tuned!! the STUD!! P.S.is a 3.4 qual coming next week. You know Maxtor and perhaps others will announce new products at the show!! I would bet on RDRT here. Again, maybe no instant gratification, but a divergence between share price and fundamentals. Buy