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

To: Dennis R. Duke who wrote (3592)	6/29/1998 11:58:00 PM
From: Larry J.	Read Replies (1) \| Respond to of 5058

Dennis, HMTT warned after the bell today. The group remains under pressure, and RDRT stands to fall tomorrow in sympathy. I may add to my existing (small) HMTT holding if it opens in the low to mid $7's. I mean really, we like RDRT so much and they are losing big $$. HMTT actually makes money!! What a concept. I believe they are the lowest cost media producer. If the earnings aren't slashed too dramatically following todays news, the PE is around 6. IMO, both RDRT and HMTT will be amongst the fattest gainers if / when the damn sector shows any real signs of recovery. If the industry gets into growth mode again I'm looking for a triple on both. (Doesn't hurt to dream, anyway) Larry