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

To: Dennis R. Duke who wrote (3667)	7/15/1998 12:27:00 AM
From: Dennis R. Duke	Read Replies (1) \| Respond to of 5058

From the The Street.Com regarding aftermarket trading of Seagate: Seagate Technology (SEG:NYSE) reportedly gained 2 to 27 in after-hours trading following a strong fourth-quarter earnings announcement. The company reported operating earnings of 11 cents per share, topping the 13-analyst prediction of 6 cents but falling below the year-ago 61 cents. Hope this signals a turnaround of our sector, Dennis

To: Dennis R. Duke who wrote (3667)	7/15/1998 12:32:00 AM
From: Stitch	Read Replies (1) \| Respond to of 5058

Dennis, I believe RDRT's CC tomorrow has likely been discounted in the market already and that the stock will be favorably treated due to a perception of aggressive cost cutting. They are far from out of the woods but from the bits and pieces I can pick up in the street they appear to be doing some good things on cost containment. I am still a bit troubled by RDRT's complex , management heavy organization. I note the rumors about Mark Re mentioned here but have heard nothing like that from other sources. If I do I will post it here. All in all I am still on the fence unwilling to invest (long term)in RDRT. The component sector recovery will follow the DD recovery which, in spite of Seagate's upbeat CC is still bogged down IMO. There will still be plenty of time to play RDRT for a long term investment provided they continue to make headway on GMR, cost containment, and quals for existing products. (I would love to see a qual with Fujitsu for example.) Short termers may be in for a pop here with a minor short squeeze sustaining the pop for a few days IMO. Then I expect to see it settle back down in the current trading range for a while. Quals and re-org announcements this quarter will bear watching closely. Best, Stitch