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

To: Dennis R. Duke who wrote (3699)	7/16/1998 11:05:00 AM
From: Dennis R. Duke	Read Replies (1) \| Respond to of 5058

I e-mailed John this morning asking about which covenant is out of compliance, and copied my prior message for his review. While he did not disclose which covenant was out of compliance he replied that it is what I said. It is a re-write of a covenant that just takes to time of lawyers and credit committees to get written and approved. It will be done in 30 days, as John said both in the CC and in his e-mail response to me this morning. IMHO, it is no big deal. It is an ant fart. He also agreed with my cash summary in my message number 3699. The bottomline is that RDRT has plenty of cash and really does not even need to borrow on the facility that is out of compliance. It is just prudent to have a facility available in case operations require more cash. FYI, Dennis